Analyst: Time Warner could sell magazine division
September 27th, 2009 Leave a comment Visited 119 times, 1 so far today
Analyst: Time Warner could sell magazine division
Gordon Crawford is the managing director of The Capital Group which is currently the largest stakeholder in Time Warner.
He has suggested that Time Warner could sell their magazine division which publishes popular titles like Time, People and Sports Illustrated.
Crawford said: “Time Warner just spun off their cable division, they are going to sell their print division, they are going to spin off AOL and they’re just going to be Warner Brothers, HBO and the Turner Networks. Now, they will make acquisitions … but they’re probably going to buy just stuff in their wheel house of those businesses. They’re not going to, I don’t think, go very far afield from their core competency.”
He did not however name any potential acquisition interests.
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