100,000+ NONPROFITS COUNT ON US.
GENEROSITY UNLEASHED: $830 MILLION IN DONATIONS
(Reuters) - In giving up on its magazine business, Time Warner Inc is set to hand its shareholders an operation that has shrinking sales and profits - and will be looking for a new chief executive. While the details of the spinoff of Time Inc are still to be announced, the media conglomerate has indicated that it will be structured as a tax-free transaction for its shareholders. It has already previously spun off other businesses to investors, including AOL and Time Warner Cable. ...