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SPLITTING UP Time Warner Files Publishing IPO Stan Honda/AFP/Getty

Time Warner Files Publishing IPO

Time Warner has submitted its initial public offering for the spinoff of Time Inc., the company’s publishing arm. According to documents filed with the Securities & Exchange Commission on Friday, Time Inc. generated $3.44 billion in revenue last year, 6.6 percent less than the $3.68 billion it reported the year before. Time Warner aims to create “strategic clarity” and “focused management” by separating the cable company from the publishing division.

November 22, 2013 6:03 PM