Description:  It was an elite reception at a glittery Manhattan setting: prominent media figures like Gayle King and Lesley Stahl gathered on the 10th floor of the Time Warner Center on Monday night to toast Sheryl Sandberg, the Facebook executive who recently released a book about her life.

Source:  NYTimes.com

Date: Mar 13, 2013

Link: http://www.nytimes.com/2013/03/14/business/media/spinoff-of-time-inc-rattles-employees.html?_r=0

Questions for Discussions:

• What are the key financial points presented in this report.
• How significant is the current debt level of the firm?
• What financial considerations motivated the spinoff?
• Do you think the new entity will be able to generate sufficient cash flow independently?