Keith Kelly of The New York Post is reporting that Time Inc. and CNN will end their CNNMoney.com joint venture when the Time magazine operation is spun off.
Kelly writes, “News Group president Todd Larsen told staffers that CNN Money will no longer be a joint venture between Time Inc. and Turner, the cable parent of CNN inside the Time Warner empire.
“The joint venture will dissolve by the end of the first quarter.
“That is right around that the Time Inc. publishing unit is slated to spun off from Time Warner as a new publicly traded company.
“Fortune magazine, whose content is posted on CNNMoney.com, will become a standalone site.”
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