Jin Lee/Bloomberg, via Getty,Bloomberg
After a spell of negotiations, it looks like Time Inc. won’t be broken up and sold off. In an internal email to staff, Time Warner CEO Jeff Bewkes wrote that the print division will become an independent and publicly traded company. Time Warner had been in talks with Meredith Corp. for the entertainment and women’s titles, but had been struggling to sell off Time, Sports Illustrated, Fortune, and Money. Instead the company’s magazine portfolio will stay together. “I am confident that you have the fortitude to stay focused on what Time Inc. does better than anyone: produce great journalism that your readers and audiences love,” Bewkes wrote. “That great legacy will live on as Time Inc. embarks on this new journey as a publicly-traded company.”