Posted by Audiegrl
Reuters/Jessica Wohl & Sandra Maler—Time Warner Inc will eventually sell the Time Inc magazine unit and could buy holdings in its core entertainment category, Gordon Crawford, managing director of its largest shareholder, said during a presentation this week.
“Time Warner just spun off their cable division, they are going to sell their print division, they are going to spin off AOL and they’re just going to be Warner Brothers, HBO and the Turner Networks,” said Crawford, managing director of The Capital Group.
Time Warner Building in NYC (Photo Credit: Audiegrl)
“Now, they will make acquisitions … but they’re probably going to buy just stuff in their wheel house of those businesses. They’re not going to, I don’t think, go very far afield from their core competency.”
Crawford made the comments during a September 24 discussion at University of Southern California’s Annenberg School for Communication entitled “The Art of the Long View: The Media Company of 2020.”
Time Warner declined to comment on Saturday.
Time Inc’s magazines include popular titles such as People and Sports Illustrated. In the second quarter, revenue at Time Inc publishing, the largest U.S. magazine publisher, fell 22 percent to $915 million due to a 26 percent decline in advertising revenue.
Posted by Buellboy
Fmr. FBI Agent John Guandolo
I know its been mentioned on 44D before, but what the heck is going on with all these over-sexed Republicans?
TPMMuckracker’s Justin Elliott has the scoop…
TPMMuckracker/Justin Elliott—An FBI agent who worked on the corruption case of former Louisiana Congressman William Jefferson resigned after superiors found a list he wrote of his sexual conquests with agents and a confidential source, according to court documents.
The same agent, John Guandolo, who is married and who unsuccessfully solicited a $75,000 donation for an anti-terrorism group from a wealthy witness in the Jefferson case with whom he was having an affair, resigned from the FBI and appears to have landed on his feet on the speaking circuit playing up the threat of Islamic terrorism.
The affair list was first reported by Allan Lengel at ticklethewire.com
The relationship between Guandolo and key government informant Lori Mody, a former tech executive for whom Guandolo worked undercover as a driver, failed to derail the Jefferson conviction after a judge ruled it irrelevant this week.
Posted by TheLCster
HuffingtonPost–Voters in swing states say they are more likely to re-elect Senators who support the Clean Energy Jobs Bill, according to a new poll.
The poll, conducted by the political consulting agency Benenson Strategy Group, interviewed 814 registered voters in 16 swing states.
60 percent of respondents said they were much more likely to re-elect a Senator who supported the energy bill that passed the House in June 2009. Conversely, 52 percent said they would be less likely to vote for Senators who vote against the bill.
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Filed under Green, Politics