New York – Time Warner Inc. announced that its Board of Directors has authorised management to proceed with plans for the complete legal and structural separation of Time Inc. from Time Warner. Following the proposed transaction, Time Inc. would be an independent, publicly traded company. Time Warner aims to complete the proposed transaction by the end of the calendar year. Time Warner Chairman and Chief Executive Officer, Jeff Bewkes, said, "After a thorough review of options, we believe … [Read more...] about Time Warner Inc. announces plan to separate Time Inc.