It looks like Rich Battista will get his chance to dilate Time,Inc.(TIME) after all. After months of speculation and talks, beginning just after he began as CEO last fall, Time announced on Friday that its Board had determined not to sell the company at this time and to instead continue pursuing Battista’s strategic plan. What is the key… Read More »
After a failed sale to Meredith (MDP) and numerous delays in the process, Time Warner (TWX) is finally ready to spin off its magazine business, Time Inc. The new company will trade on the NYSE under the ticker ‘TIME’ and TWX shareholders will receive 1 share of TIME for every 8 TWX shares owned. The distribution will take place… Read More »
Time Warner(TWX) is no stranger to spinoffs. The company once known as AOL Time Warner lost the AOL(AOL) in what has proven to be a successful spin- much more successful, certainly, than the disastrous merger, perhaps the worst in American history, which brought the two firms together. Earlier in 2009, the company spun off Time Warner Cable(TWC). And… Read More »