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Advertising Age Article Abstract

Hottest Media Property That's Not for Sale? Time Inc.

But Skeptics Question Top Execs' Real Long-Term Intentions

By: Nat Ives
Published: April 01, 2007

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." ...

Full Article Word count: 1557

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