Analyst: Time Warner Might Shed Magazine Division Next
PaidContent Jun 02 09
Now that Time Warner (NYSE: TWX) is finally spinning off AOL, its publishing division could be the next to go, says Pali Research analyst Rich Greenfield in a report this morning. Greenfield says that CEO Jeff Bewkes and the company's board of directors are not emotionally attached to its various businesses. He writes, "With publishing set to represent under 10% of Time Warner's EBITDA post-AOL ... and the inherent difficulties of shifting Time Inc.'s magazine business to an online subscription model, we believe it may make sense to further simplify Time Warner down to only cable networks and filmed entertainment in 2010. Full story...
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