Orgs with Common People
Leadership and staff of Time Warner Inc. also have positions in these orgs
On Monday June 9 2014, the nation’s largest magazine publisher will begin trading as an independent company — stock symbol: TIME — with an uncertain future. What was once a jewel in terms of profit and stature is now a drag on the share price of Time Warner, its parent company, and is being spun off with little ceremony and a load of debt. Absent the diversified portfolio of Time Warner, Time Inc. will be going it alone with more than 90 magazines and 45 websites in a market that views print as a thing of the past. The new entity will start off with $1.3 billion in debt, including $600 million that will go toward a one-time cash dividend to Time Warner shareholders.