Advertising Age Article Abstract
Hottest Media Property That's Not for Sale? Time Inc.
But Skeptics Question Top Execs' Real Long-Term Intentions
NEW YORK (AdAge.com) -- Time Warner chief Dick Parsons recently told a "town hall" meeting of 400 employees about a conversation he'd had with Omaha investment wizard Warren Buffett on the subject of selling Time Inc. "As your friend, don't do that, it's a good business," said Mr. Buffett, according to people who heard Mr. Parsons recount the story. "But," he added, "if you do sell it, sell it to me." ...