Nightly News   |  March 06, 2013

Time Warner to split from magazine unit

Departing from magazines such as Time, Sports Illustrated and People will allow Time Warner Inc. to focus on its broadcast entities according to CEO Jeff Bewkes. NBC’s Brian Williams reports.

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This content comes from Closed Captioning that was broadcast along with this program.

>>> time warner appears to be getting rid of "time" magazine, the cornerstone of the henry loose media empire. the company, how mostly electronic media , is, according to the "new york times," spinning off all of its magazines, including "time," "fortune," " sports illustrated ." it's unclear what will happen to the company name once time is gone.