Time Warner CEO: We'll still own Time Inc. in five years

Is Time Warner going to sell its magazine division? A lot of people think so, but Jeffrey Bewkes says otherwise.

At The Atlantic Monthly's "First Draft of History" conference in Washington, D.C., the Time Warner (TWX) chairman and CEO just poured cold water on speculation that the media conglomerate (which owns DailyFinance parent AOL, though not for much longer) is on the verge of unloading Time Inc., home of Time, Sports Illustrated, People and scores of other titles.