Your English writing platform
Discover LudwigExact(33)
Some analysts have suggested that Time Warner spin off its magazine unit, though that's unlikely.
Time Inc., the magazine unit, lost 400 of its roughly 13,000 workers.
The New York Times Company is negotiating to sell its magazine unit to Advance Publications.
The magazine unit accounted for about 22 percent of Lagardère's sales in 2009, or 1.7 billion euros ($2.3 billion).
Time Inc., the magazine unit of Time Warner, reported ad revenue increases of only 2percentt last year.
| Updated Time Warner announced on Wednesday that it had selected the head of a digital advertising firm to run its Time Inc. magazine unit.
Similar(27)
[C3.] Condé Nast Consolidates Its Magazine Units Condé Nast said it would consolidate its magazine units, bringing its Advance Publications titles under the umbrella of Condé Nast Publications.
Magazine units are mostly a drag on growth for their parents.
Results in the company's book, newspaper and magazine units were also essentially flat.
The company said that about $22 million of the restatement lowered advertising revenue at other divisions like AOL Time Warner's cable, television and magazine units.
In other news, AOL Time Warner 's America Online and Time magazine units are in talks for a deal that would move a large piece of Time's free Web site content onto America Online's proprietary service.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com