Bewkes Purported to Be Looking At Publishing For Cuts

May 12th, 2008

Time Warner CEO Jeff Bewkes is reported to be looking to the Time Inc. publishing unit to further reduce costs.  Bewkes recently shuttered or consolidated three studios in the filmed-entertainment division.  Southern Progress Corp., a standalone unit that publishes among other things Southern Living and CookingLight, has been tipped as a possible target for auction.  However, the characterization that the publishing units slow growth and small size make it a prime target remains in dispute.  TheDeal.com (May 9, 2008)

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