"A complete spin-off of Time Inc provides strategic clarity for Time Warner Inc, enabling us to focus entirely on our television networks and film and TV production businesses, and improves our growth profile," said Jeff Bewkes.
He said in a statement: "After a thorough review of options, we believe that a separation will better position both Time Warner and Time Inc. "A complete spin-off of Time Inc provides strategic clarity for Time Warner Inc, enabling us to focus entirely on our television networks and film and TV production businesses, and improves our growth profile.
In January 2012, the Company completed spin-off of SunCoke Energy , Inc
On October 1, 2018, Honeywell completed spin-off of Garrett and both Honeywell and Garrett started regular-way trading on the NYSE under the ticker HON and GTX, respectively.
After those offerings are completed, Tyco plans to spin off the remaining shares to its holders.
Before the deal is completed, QSound plans to spin off its non-Internet audio and electronic-commerce businesses.
Last week, Belo completed the deal to spin off its four newspapers, including The Dallas Morning News, as a new publicly traded company named the A. H. Belo Corporation.
The company will slim down from more than 100,000 employees to the low eighty thousands once it completes a deal to spin off a portion of its memory business, which will specialize in a kind of memory designed to store the software widely used to run devices such as cameras and other electronics, later this year.
But it still must complete the sale of ING Direct USA, and spin off its U.S. European and Asian insurance operations in two separate IPOs next year.
That means a new Narnia film could be released at Christmas, complete with spin-off merchandising and toys, every year until 2012.
First Data chairman and chief executive officer Ric Duques said he hopes to complete the spin-off of Western Union into a standalone company by the end of the fourth quarter of 2006.
