Mediatime increuters

Time Inc Spinoff Is Getting Closer

Time Warner Names Time Inc Board
Reuters
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NEW YORK, NY - FEBRUARY 13: Issues of Time magazine are for sale at a newsstand in Manhattan on February 13, 2013 in New York City. Time Warner Inc. is reportedly in talks to sell most of its magazine group, including People, InStyle and Entertainment Weekly, to the Meredith Corporation. Time Warner would reportedly retain control of flagship titles Time, Sports Illustrated and Fortune. (Photo by Mario Tama/Getty Images)

(Reuters) - Time Warner Inc named directors, including former Sony Corp CEO Howard Stringer, to the board of Time Inc, the publishing business it plans to spin off in the second quarter of 2014.

The media company named current Time Inc CEO Joseph Ripp as chairman of the board.

Other board members include David Bell, the former chief executive of advertising company Interpublic Group of Cos Inc.

(Reporting by Soham Chatterjee; Editing by Kirti Pandey)

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