NEW YORK: Time Warner Inc plans to spin out its division that publishes titles like Time, Fortune and People into a separate company, ending weeks of merger negotiations with Meredith Corp.
Time Warner said on Wednesday that the process to separate Time Inc into an independent public company will likely take place by the end of the year.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!