Time, Inc.(TIME) CEO Rich Battista has big plans for the transformation of the venerable magazine publisher, but it is doubtful that he will be given the time to execute on them. Battista became CEO late last year, replacing Joe Ripp, who had led the company since its 2014 spinoff from Time Warner(TWX). Rich Battista, the new chief executive… Read More »
To everything there is a season, and the season for magazines has passed and will not return. In the summer of 2014, Time Warner(TWX) spun off Time, Inc.(TIME), its magazine publishing division. Joe Ripp, the CEO who presided over the spinoff, valiantly tried to cut costs and move to digital, but his efforts fell short. This summer, he… Read More »
Under pressure, once again, from Starboard following the abandonment of its plan to spin off its huge stake in Alibaba(BABA), Yahoo(YHOO) has formed an independent committee of its Board Of Directors to explore strategic alternatives. The Board has formed a Strategic Review Committee of independent directors to lead this effort, with the assistance and support of management. The… Read More »
One does not need a particular gift for forecasting the future to know that magazines are in the midst of an inexorable decline. No doubt, there is still some profit left to be made, but it will be less and less each year. Joe Ripp certainly knows this. As CEO of Time, Inc.(TIME), his job is to transform… Read More »
In a nod to ‘Throwback Thursday’, lets take a look at a recent spin that has been in the news recently. Last June, following a broader market trend, Time Warner (TWX) spun off its magazine business into Time Inc (TIME). After a year of independence the new company’s stock is mostly flat, which is not too shabby considering… Read More »
One step forward, another step back. With a new CEO finally in place, Time Inc’s spinoff seemed to be gaining some momentum. It turned out to be short lived though as Time Warner (TWX) CEO Jeff Bewkes announced during the most recent conference call that the spin would be pushed off until next year. The reason? Our top… Read More »