Time Warner

Investor's Business Daily

Time Warner's (TWX) Time Inc. CEO Joe Ripp is reorganizing the world's largest magazine publisher as it prepares to spin off from its parent this year, Reuters said Tue., citing a staff memo. Time is eliminating 3 units that had divided its portfolio of magazines — including Sports Illustrated and People — into separate categories. Shares rose 1.4% to 62.40.

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