rs betting on the successful transition of magazines into the digital world, which has been slow in coming. In the second half of last year, digital versions of U.S. magazines represented just 2.4 percent of circulation while overall circulation was flat at about 298 million copies, according to the Alliance for Audited Media. Bewkes said a separate Time Inc. "will now be able to attract a more natural stockholder base." The person familiar with the matter said that the parent company will continue to be known as Time Warner, keeping Time in its name despite the spin-off. In conjunction with the move, Time Inc. CEO Laura Lang said she would step down after a successor had been found. In a memo to staff she said that, "taking the company through a transition to the public markets is not where my passion lies." She recently presided over the layoff of about 500 people, or 6 percent of Time Inc.'s global staff of 8,http://www.diandi.ca/,000. Time got its start in 1922 when Henry Luce and Briton Hadden quit their jobs at the Baltimore News and found 70 investors to put up $85,675 to start the magazine, according to a company website. Over the years the company launched enduring titles such as Fortune in 1930, Life in 1936, Sports Illustrated in 1954,toms shoes, and People in 1974. It bought a majority stake in Warner Communications Inc,tomsoutletsalecheap.com. in 1989 and the rest of it a year later. An insider's guide to politics and policy, available on the iPad or as a PDF download.
NICOSIA, Cyprus (AP) Cyprus' finance minister is ruling out a tax on financial transactions as part of a rescue package for the country, one of the 17 European Union nations that uses the euro. Michalis Sarris said Thursday that cutting spending and raising revenue through investing in newfound offshore gas deposits would be better than a tax on financial transactions that is expected to be introduced several EU countries. Sarris also rejected additional cuts to government worker wages and pensions above those included in a preliminary bailout agreement with the European Commission, the European Central Bank and the International Monetary Fund last December,cheap toms. Cyprus needs around 17 billion ($22.1 billion) as much as its annual gross domestic product to stay afloat, raising doubts over whether it can pay off a loan. Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. An insider's guide to politics and policy, available on the iPad or as a PDF download.
In this May 18, 2012, photo provided by Facebook, Facebook Founder,http://www.hirwaunpool.co.uk/forum/forum_posts.asp?TID=546212&PID=621490#621490, Chairman and CEO Mark Zuckerberg, center, rings the Nasdaq opening bell from Facebook headquarters in Menlo Park, Calif. By BARBARA ORTUTAY, Associated PressNEW YORK (AP) Amid chatter of Facebook fatigue, real or imagined,http://oku.com.nu/forum.php?mod=viewthread&tid=1963001, the world's biggest social networking company is getting ready to unveil a new version of News Feed, the flow of status updates, photos and advertisements its users see on the site.Facebook Inc. is hosting an event at its Menlo Park, Calif., headquarte