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Advertising Age, September, 2006
Time Inc. pares back portfolio; sells 18 titles
Time Inc. will sell 18 titles from its Parenting Group and Time4 Media divisions. The sale kicks off the much-anticipated but previously uncertain asset dispositions by the country's biggest magazine publisher.
"While these titles are good performers, Time Inc. is focusing its energy, resources and investment on our largest and most profitable brands, brands that have demonstrated an ability to draw large audiences in print and digital form,'' CEO Ann Moore wrote in a memo explaining the decision to sell.
NBC launches NBBC, syndicated video service
NBC Universal moved into the online-video-aggregation business last week, launching a syndicated-video partnership that it hopes will...
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