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TIME SHARES CLIMB: Time Warner shares rose 2.62 percent to $29.37 on Monday, following speculation the company might eventually sell Time Inc. Over the weekend, Gordon Crawford of The Capital Group (which is the largest shareholder in Time Warner) said the company could unload Time Inc., and turn its focus to television and movies. During a quarterly earnings call earlier this year, chief executive officer Jeff Bewkes avoided making any future claims to Time Inc.’s place in the company. “Time Warner may well include publishing, but we’re not making a religious statement about it either way at this point,” he said at the time. A Time Warner spokeswoman did not comment on Crawford’s statements Monday. — Amy Wicks
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Memo Pad
Memo Pad: Time Shares Climb... Blog All About It...
Memo Pad: Time Shares Climb... Blog All About It...
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Posted Tuesday September 29, 2009
From WWD Issue 09/29/2009
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