Time Warner Inc. filed to spin off its Time Inc. division next year, turning the publisher of People, Sports Illustrated and Time into the world’s largest publicly traded magazine company.
Time Warner Inc. ’s CNN cable-news channel has discussed partnerships with news outlets and could reach an agreement in the next year, Chief Executive Officer Jeff Bewkes said.
Time Warner Inc.’s Chief Executive Officer Jeff Bewkes saw his total compensation slip 1.5 percent last year when the company’s shares gained 12 percent.
Time Warner Inc. will spin off its magazine business later this year, turning the nine-decade-old publisher of Time, People and Sports Illustrated into a separate publicly held company.
Time Warner Inc. named Joseph Ripp chief executive officer of Time Inc., the magazine unit that will be spun off as a separate company later this year amid an industrywide decline in print advertising.
Time Inc. Chairman and Chief Executive Officer Jack Griffin is leaving his post, departing the magazine publisher six months after being named to the job.
Time Warner Inc. Chief Executive Officer Jeff Bewkes said that buying the Metro-Goldwyn-Mayer Inc. film studio “could make sense, but only at the right price.”
Jeff Zucker, former chief executive officer of NBC Universal, is close to taking the top job at Time Warner Inc.’s Cable News Network, three people with knowledge of the situation said.
Executives and politicians comment on the death of Steve Jobs, the co-founder and former chief executive officer of Apple Inc.:
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"Not just Time Warner, but all of us have to look at these new distribution methods and whether they're viable."
- Jeff Bewkes on Mar 25, 2013