Entries tagged "Time Inc."
Despite Time Warner's third-quarter profit of 61 cents a share, the media giant's publishing arm is bleeding as ad revenue fell 22% to $129 million, contributing to the cutting of 280 jobs.
With its hands full with an AOL spinoff and possible sale of its publishing arm, Time Warner says it has no interest in NBC Universal.
While those inside Time Warner Inc. anxiously await what CEO Jeff Bewkes will focus on next, having just shuttered or consolidated three studios in the media conglomerate's filmed-entertainment division, many on the outside believe he'll set his sights on Time Inc. And within this publishing division, Southern Progress Corp. is being tipped as a standalone unit that's ripe for an auction....
