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Hold On, There's Still An Actual Time Magazine?
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At a time when Bob Pittman is talking about how Wall Street wants Clear Channel to spin off iHeartRadio as a separate company, perhaps it might be interesting for you to watch what happens as Time Inc. goes its own way, spun off from Time Warner, an independent company in the business of publishing magazines as people increasingly don't read magazines. The new Time Inc. has $1.3 billion in debt. That's compared to when Murdoch spun off News Corp. in the wake of the phone hacking scandal; News Corp. got $2.6 billion in cash to help it get going separately from Fox. Can a print-centric company make itself over and survive in 2014? Can a radio company do that, too? (New York Times)
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