Some people in the banking business say Time Inc. is to be spun off, probably in the next few weeks. The leading magazine publisher in the world is but a part of the Time Warner empire, of course, and not the most profitable part. The words "magazine publisher" and "profitable" are seldom used in the same sentence these days.
Warning signs include the way they unceremoniously dumped Business 2.0 a few weeks ago, turning down offers from rivals such as Mansueto Ventures (Fast Company) and using surviving staff members to fatten the masthead at Fortune.
"It wasn't a big enough loss for the market to care," according to one who has been apprised of the thinking behind the deal. "I think they are scrubbing the quarterly numbers for the Time Inc. division, to get ready for a spin-out."
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