Publisher of Time to spin off its assets | Shanghai Daily

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September 28, 2009

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Publisher of Time to spin off its assets

TIME Warner Inc will eventually sell the Time Inc magazine unit and could buy holdings in its core entertainment category, Gordon Crawford, managing director of its largest shareholder, said last week.

"Time Warner just spun off their cable division, they are going to sell their print division, they are going to spin off AOL and they're just going to be Warner Brothers, HBO and the Turner Networks," said Crawford, managing director of The Capital Group.

"Now, they will make acquisitions ... but they're probably going to buy just stuff in their wheel house of those businesses. They're not going to, I don't think, go very far afield from their core competency."

Crawford made the comments last Thursday at University of Southern California's Annenberg School for Communication.

Time Warner declined to comment over the weekend.





 

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