Scalper1 News
If Time Warner had a theme song for the spinoff of its magazine publishing business, it would probably be “History Repeating” by Shirley Bassey and the Propellerheads. That’s because parent company Time Warner (TWX) is taking the same approach in saddling its Time spinoff with debt that Viacom (VIA) did with its spinoff of struggling video rental firm Blockbuster in 2004. Blockbuster was never able to shake its debt burden, which hindered its ability to pursue new opportunities. It was soon eclipsed by Netflix (NFLX) and eventually went out of business. Could the same fate await Time? Scalper1 News
Scalper1 News