Categories: OLD Media Moves

Time and CNN to end CNNMoney.com JV

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.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.