Okay , apparently there is " serious talk " that Tinme/Warner might " break up their magazine empire " .
This is more a second-day or third-day story , wondering about what effect such a break-up might have on TW's long-running" gracious West Coast living " recipes-home set up tips-travel photography coffee table magazine SUNSET , but...
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...The sixth paragraph appears to say that PEOPLE and INSTYLE are " news-focused "...Well , perhaps against Sunset...
...This is DEFINITE now , but , since nobody replied to this B4 :-(...........
(The TW mags-breaking up , I mean , not about the Midwestern " lifestye " company . )
When I worked at Time Warner (before my magazine group got bought by Bonnier), the comics were a whole different division. I don't think there's anything to concern ourselves with in that regard.
None of the stories I've read make any mention of DC Entertainment. Does this mean they are keeping this because it's (these days) closely tied to the movie business? Or will they sell it to Disney(?!!)
...Mightn't , even nowadys , Disney/Marvel buying DC , um , " raise anti-trust law concerns " ?????????
Richard Willis said:
If DC Entertainment hasn't been mentioned in these stories, it must not be part of the sale/spinoff.
My reading of the news was that the magazine division was a drag on the company, so a deal was in the works to sell the stable of publications but keep Time, People and Sports Illustrated. When Time Warner decided to sell those also, the deal collapsed. Hence, the spinoff.
Sort of like what happened to my company, E.W. Scripps. It owned a broadcast division and a newspaper division, and while the latter was profitable, the former was astronomically profitable. The newspapers were deemed a drag on the TV shows. They broke off the newspaper division as a separate company, which remains profitable, and one can only image executive compensation now in the newspaper-less Scripps company.
And I'm with you, CK -- no story has mentioned the comics, and I've read quite a few, so I assume comics aren't part of any deal.
Yeah ... Time Warner at first wanted to keep Time, People and Sports Illustrated because those are reliable cash cows and household names, but the trend for magazine advertising is going nowhere but down. Time Warner still has cable TV, movie and TV production, and news, so what do they care about cutting out their roots in magazine publishing?
Actually, even though it has the same name I recently read that Time Warner Cable has been a free-standing company for a while now.
Over the years I have read several articles on Time Warner. They always overlook the fact that it includes DC. Sometimes I think only those of us in the comics community know that Time Warner includes DC.
So I was wondering if they were also selling DC and simply overlooked mentioning it, if they were holding onto it because of the movie production connection, or if they were planning to sell it separately.
...I did tend to assume from the beginning that the " non-magazine " , " main " , Time that would be left after selling off the coated foolscap would include DC , that they would keep it .
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