Company & Industry Overviews
The magazines that Time has decided to unload are Coastal Living, Sunset, and Golf. Coastal Living focuses on home design and travel.
In August last year, Gannett Company (GCI) announced that it plans to create two publicly traded companies. It expects to split off its publishing business by the middle of this year.
Gannett said that the revenue growth, for the quarter and the full year, was driven by the Broadcasting and Digital segments.
According to Deutsche Bank, Manitowoc’s share could be worth between $23 and $28 if it separates its businesses.