Time Warner Inc. (TWX) to Spin Off Magazine Business in 2014

(originally published May 19, 2013, with subsequent updates)

Time Warner Inc. (TWX) plans to spin off the stock of its publishing business, Time Inc., to TWX shareholders in the second quarter of 2014.  The publishing company includes TimePeople and Sports Illustrated.

Time Warner Inc. previously spun off Time Warner Cable, and AOL in 2009.

The publishing business has 21 publications, and its revenues have been on a multi-year decline.  After the spin-off, Time Warner will focus on its film and tv businesses.

Read my Nov. 7, 2013 report on TWX.

As more details of the spin-off become available — including cost basis allocation, new ticker symbol, and number of shares distributed — we will update the information here on the website, and via the Goodfellow LLC newsletter.  To sign up for the newsletter, send an email to research@goodfellowllc.com and ask for the free newsletter.

Questions?  Contact Crista Huff at research@goodfellowllc.com.

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