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June 9, 2014
09:15 EDTTIME, TWXTime Warner completes spin-off of Time Inc.
Time Warner (TWX) announced that it has completed the previously announced spin-off of Time Inc. (TIME) from Time Warner. Immediately after 11:59 p.m. EDT on June 6, Time Warner distributed all outstanding shares of Time Inc. common stock to Time Warner shareholders at a distribution ratio of one share of Time Inc. common stock for every eight shares of Time Warner common stock held on the May 23 record date. Starting today, June 9 Time Warner stock will no longer include the value of Time Inc. Commenting on the spin-off, Time Warner Chairman and CEO Jeff Bewkes said: "The spin-off of Time Inc. completes the process we began several years ago to position Time Warner as the world's leading video content company. Our strategy reflects our commitment to delivering strong returns to our shareholders as we light up the world with the best storytelling. The spin-off gives Time Warner even more focus as we continue to deliver on this strategy."
News For TWX;TIME From The Last 14 Days
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June 28, 2015
15:40 EDTTWXUniversal's 'Jurassic World' leads U.S. weekend box office with $54.2M
For the weekend of June 28, Comcast (CMCSA, CMCSK) subsidiary Universal's "Jurassic World" topped domestic box office charts at $54.2M. Disney's (DIS) "Inside Out" landed in second place with $52.1M, while Universal's "Ted 2" came in third with $32.9M. Time Warner (TWX) subsidiary Warner Bros.' "Max" and Fox's (FOX, FOXA) "Spy" took fourth and fifth place at $12.2M and $7.8M, respectively. Data gathered by Rentrak.
June 25, 2015
08:38 EDTTIMECiti sees less likelihood of Meredith acquiring Time
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June 24, 2015
14:46 EDTTWXHBO deal an early sign of Facebook original content plans, says Brean Capital
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12:27 EDTTWXHBO to offer free episodes of 'Ballers', 'The Brink' on Facebook, Variety says
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11:01 EDTTIMETime Inc. signs content partnership wtih Trivia Crack
Time Inc. announced that it has entered into a content partnership with Etermax, a mobile game developer that is launching a sequel to Trivia Crack, a mobile game with 74 million downloads in the US alone. The Trivia Crack sequel will be released in the third quarter and will have additional social features, as well as improved game-play. The brands of Time Inc. will provide questions and answers that will form the basis for eight categories of Trivia Crack gaming. Dedicated staff at Time Inc. will write questions that fall within each of the categories, and they will also publish user-generated questions.
June 21, 2015
16:21 EDTTWXUniversal's 'Jurassic World' leads U.S. weekend box office with $102M
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