Monday, April 02, 2007

Time Inc. on the Block? Time Warner Says 'No'

Exported from - March 29, 2007, Folio - Long-time rumors that Time Warner may sell its publishing division came to a head this week when Forbes.com reported that news of possible sale of Time Inc. sent Time Warner shares up.
But a source told Folio: Although the future of Time Inc. was unclear, Time Warner officials have recently said they plan
to remain in the publishing business. Time Warner thinks publishing is a great business to be in and plans to stay there.

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