Will Time Warner Dump the Magazine Business?
While Time-Warner (TWX) moves closer to the spin-off of AOL, the Street is anticipating what they might do after that. An obvious option: shed the magazine business.
In a research note picking up coverage of the company today, Caris & Co. analyst David Miller proposes that the company’s publishing arm is likely head for its “swan song.” While noting that no announcement has been issued by Time-Warner on this, he writes that “it would not surprise us to see management dispose of this business, either through an outright sale, or through equity carve out, though not until the AOL transaction has been completed.”
