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Crawford says Time Warner will sell magazine unit (Dinosaur Media DeathWatch™)
Yahoo Finance ^ | September 26, 2009 | Jessica Wohl

Posted on 09/26/2009 2:29:14 PM PDT by abb

Time Warner Inc (NYSE:TWX - News) will eventually sell the Time Inc magazine unit and could buy holdings in its core entertainment category, Gordon Crawford, managing director of its largest shareholder, said during a presentation this week.

"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," said Crawford, managing director of The Capital Group.

"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."

Crawford made the comments during a September 24 discussion at University of Southern California's Annenberg School for Communication entitled "The Art of the Long View: The Media Company of 2020."

Time Warner declined to comment on Saturday.

Time Inc's magazines include popular titles such as People and Sports Illustrated. In the second quarter, revenue at Time Inc publishing, the largest U.S. magazine publisher, fell 22 percent to $915 million due to a 26 percent decline in advertising revenue.

While Crawford did not name specific acquisition targets, he did say there would be a "winnowing process" during which weaker companies in the sector would be gobbled up.

Capital Research Global Investors held 98.6 million shares of Time Warner, or 8.32 percent of the company's total shares outstanding, as of June 30.

The presentation, which was available online, was discussed in a BusinessWeek blog posted on Friday.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: advertising; dbm; dinomedia; liberalmedia; magazines; time; timemag

TIME

"TIME, oh, TIME
Where did you go
TIME, oh, good, good TIME
Where did you go"

1 posted on 09/26/2009 2:29:15 PM PDT by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


2 posted on 09/26/2009 2:29:59 PM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
Glen Beck's revenge!
3 posted on 09/26/2009 2:30:30 PM PDT by Radix (Obama represents CHAINS for posterity.)
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To: Radix

TIME (Clock Of The Heart)

4 posted on 09/26/2009 2:36:18 PM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

5 posted on 09/26/2009 2:48:41 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: musicman

TIME has Come Today

6 posted on 09/26/2009 2:53:49 PM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

Time Warner AOL = stupidest business deal of the 20th century.


7 posted on 09/26/2009 2:54:50 PM PDT by angkor (The U.S. Congress is at war with America.)
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To: musicman

There used to be a really jam up youtube clip of them performing this song on Sullivan. Can’t find it any more, though.


8 posted on 09/26/2009 2:55:09 PM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
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To: angkor

9 posted on 09/26/2009 2:55:41 PM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
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To: musicman

Found it!

http://www.youtube.com/watch?v=qICvMmh14F4&feature=related


10 posted on 09/26/2009 2:57:32 PM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb; seenenuf; seekthetruth; flaglady47; oswegodeee; Bizzy Bugz; ExTexasRedhead; GunsareOK
You must remember this
A pinko rag we will not miss
As Time goes bye-bye

Leni

11 posted on 09/26/2009 3:06:56 PM PDT by MinuteGal
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To: angkor
Time Warner AOL = stupidest business deal of the 20th century

Liberals should stick to NPR.

12 posted on 09/26/2009 3:39:15 PM PDT by VRWC For Truth (Throw the bums out who vote yes on the bail out)
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To: abb

Thanks!!!!!!


13 posted on 09/26/2009 4:03:50 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: MinuteGal

As TIME Goes By

14 posted on 09/26/2009 5:54:45 PM PDT by abb ("What ISN'T in thehttp://www.start news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
He says two very funny things in that article. First, he states Time is going to stay ‘very close to their core competency.’ I know many business teachers who would argue the no one at Time knows their core competency-just look at what they've either bought or done over the years. What exactly do they think they are good at doing?

Next, the article states that Time will acquire weaker companies than themselves. Two questions on this one. First, exactly what companies weaker then Time are possibly worth buying? Second, what value could Time possibly add
to the company it didn't already have? I mean, look at the AOL merger or the CNN purchase. Heck, they even owned Atari at one time, I believe.

Time has always been a rudderless ship with an inability to create value for its shareholders. That will never change, from what we've seen.

It's just crazy.

15 posted on 09/26/2009 8:39:21 PM PDT by ConservativeMind (Liberals have an inability to value good character or to desire it for themselves.)
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To: ConservativeMind

They don’t really put a pricetag on Time...which would be curious what it might take to relieve Time Warner of a loser. If they said $25 million would do the job...I would suggest that Rush take some of his pocket change and just buy them....then turn it into a professional gentleman’s golf magazine.


16 posted on 09/26/2009 9:15:08 PM PDT by pepsionice
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To: pepsionice
I like Rush buying them : they could turn it into a conservative (that is, "True but accurate") magazine and watch subscriptions and revenue SOAR.

Time-Life's series of science books in the 60s and 70s was pretty good.

Cheers!

17 posted on 09/27/2009 5:39:27 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: MinuteGal

“You must remember this
A pinko rag we will not miss
As Time goes bye-bye”

LOL! Very clever.


18 posted on 09/27/2009 8:26:52 PM PDT by flaglady47 (A post a day keeps the lefties away.)
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To: abb

How much does it cost? Maybe every Freeper could through in $5 to buy it?

Is this THE trashy Time magazine you always see in the waiting rooms of medical clinics?


19 posted on 09/28/2009 2:19:09 PM PDT by MNDude (The Republican Congress Economy--1995-2007)
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To: MNDude
Yes, it is. And here's their latest P&L. Ain't pretty. Another year or two and they'll have to PAY someone to take it off their hands.


20 posted on 09/28/2009 2:24:57 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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