Wall Street’s divided on the question this morning, with Time Warner shares up just 1.3% following the announcement last night that it will convert the publishing unit into a separate company by year end. Make no mistake: Investors like the news, which will enable them to just bet on Time Warner’s thriving TV and movie businesses.
Did Time Warner Wait Too Long To Spin Off Time Inc?
DAVID LIEBERMAN, Executive Editor, Deadline.com
Thu, 03/07/2013 - 9:09am
Topics: wall street s tv barclays equity research s anthony diclemente ceo jeff bewkes nomura equity research s michael nathanson kristofferson time inc yet janney capital markets tony wible shares time susquehanna financial group s vasily karasyov netflix hbo tbs tnt once time inc without wells fargo s marci ryvicker macquarie securities tim nollen street time warner time time inc wait long spin company publishing announcement case unit digital investors
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