Time Warner Inc. named Jack Griffin as chief executive officer of Time Inc. He will succeed Ann Moore when he joins the company at the end of September, the company said. Moore is retiring, the company said.
New York Times Co., which is accepting bids for the Boston Globe today, is likely to fetch a price that’s about a 10th of what it paid in 1993, a sign of the industry’s deterioration over the past two decades.
After losing almost 80 percent of its value in two years, one share of Promotora de Informaciones SA costs less than a copy of El Pais, the best-selling Spanish newspaper published by the Polanco family-controlled company.