Time Inc. Separates From Time Warner

    Pedestrians walk past the Time Warner Center, headquarters building of Time Warner Inc., in New York, U.S., on Monday, Feb. 7, 2011. AOL Inc. agreed to buy the Huffington Post for $315 million as the internet company spun off from Time Warner increases its investments in online content to help revive growth in advertising revenue. Photographer: Jin Lee/Bloomberg via Getty Images

    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.”

    Read it at The New York Times