Time Warner spinning off print division Time Inc. to focus on film and TV businesses

Time Inc. has been struggling in recent months, and now parent company Time Warner has announced it is spinning off the division entirely. In a statement today, Time Warner CEO Jeff Bewkes said that the decision had been reached after reviewing an assortment of options, and that the move — scheduled to be completed by the end of the year — will allow Time Warner to "focus entirely on our television networks and film and TV production businesses." Time Inc. is responsible for such p...