Joe Ripp has been CEO of Time Inc. since September, and though he has made some moves, the biggest change — Time Inc. spinning off from Time Warner — has yet to happen. According to Adweek, Ripp better get comfy, because the spinoff has been delayed. Again.
During an earnings call, Jeff Bewkes, Time Warner’s CEO, said the spinoff won’t happen until the second quarter of next year. The original estimate was Time Inc. would be its own company by the end of this year. Then over the summer it was pushed back to the beginning of 2014.
According to Bewkes, Ripp has been “making great progress” at Time Inc., so maybe this latest delay is just Bewkes giving Ripp more opportunities to impress. That’s probably it.