Time Warner, on the heels of splitting with Martha Stewart, is ending its joint ventures with Steven Brill, founder of American Lawyer Media and Court TV. Time Warner rebuffed a buyout offer from Mr. Brill and will instead acquire his stake in the ventures. The media giant said it will keep cable network Court TV but sell off American Lawyer, publisher of legal publications, as well as online service Counsel Connect. Mr. Brill, who said the breakup was "amicable," will assist with the sale and leave after a six-month transition period.
Copyright February 1997, Crain Communications Inc.