Time Warner's Spinoff of Time Inc. Scheduled for May 23

Time Warner Inc.'s ( TWX ) spinoff of Time Inc., announced in March 2013, will take place onJune 6 to shareholders of record as of May 23, according to a regulatory filing Thursday.

Time Inc. will be listed on the New York Stock Exchange under the symbol "TIME."

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Corrections & Amplifications

This item was corrected at 5:30 p.m. ET because the original version incorrectly stated the spinoff date. Time Inc. will be spun off on June 6 to shareholders of record as of May 23.

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