TODAY'S BUSINESS HEADLINES

Gov't trims borrowing in 1H 30-Jul-14, 6:15 PM | Rain Castro, InterAksyon.com

BSP inflation forecast for June: 4.1-4.9 pct 30-Jul-14, 5:47 PM | Scarlet Venilia, InterAksyon.com

Award of LRT1 Cavite project to Ayala-MPIC joint venture likey this week -- DOTC 30-Jul-14, 5:10 PM | Darwin G. Amojelar, InterAksyon.com

PH stock market tests 6,900-mark anew 30-Jul-14, 5:09 PM | Krista Angela M. Montealegre, InterAksyon,com

NTC crafting rules to compensate PLDT for return of 3G license 30-Jul-14, 4:23 PM | Darwin G. Amojelar, InterAksyon.com

Time Warner to spin off publishing unit Time Inc.

InterAksyon.com means BUSINESS

NEW YORK - Time Warner said Wednesday it would spin off its publishing arm Time Inc. as a separate company by the end of the year, allowing the US conglomerate to focus on its television and film operations.

Chief executive Jeff Bewkes said in a statement that a spinoff "provides strategic clarity for Time Warner Inc., enabling us to focus entirely on our television networks and film and TV production businesses."

 

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