Time Inc. Spinoff Delayed Until Early Next Year

By: AdAge

Time Warner said Tuesday that it won’t complete its plan to separate Time Inc. division into an independent company this year as anticipated, prolonging a period of uncertainty at the publishing division just a little bit longer.  

Executives now intend to complete the spinoff early next year, Time Warner CEO Jeff Bewkes said during a conference call with analysts to discuss the company’s second quarter results, to ensure the best position for Time Inc. as it starts life on its own.

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