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Revolving Door Newsletter: 03.08.13
Time Inc. Spun Off; WaPo Gets 'Reader Representative'March 8, 2013
Instead of selling its magazines to Meredith, Time Warner decides to spin off Time Inc. The separate company will not be headed by current CEO Laura Lang, who will step down when the move is complete. "After considerable thought, I have decided that taking the company through a transition to the public markets is not where my passion lies," the former Digitas head said in a memo to staff. "Jeff Bewkes [Time Warner CEO] has been extremely supportive and I am committed to working together with him on recruiting the right person to lead Time Inc. at the spin." The ...