Time Warner shake up in works

Major changes are in the works for media giant Time Warner, reports FT.com.

The company is “in preliminary talks to spin off most of its Time Inc and IPC Media magazine businesses into a publicly traded joint venture, valuing them at as much as $2.4bn-$3bn, in a move that could herald the biggest shake-up of the US and UK periodical markets for decades,” the report says.

Read more here.

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