Its books division showed strong growth as costs were cut.
Why would a media company want to get rid of its book division?
's book division has a new line, the Quick and Easy series.
Selling the books division would make only a small dent in the company's debt.
And to give each book division time to make its case, most presentations are scheduled with military precision.
The organization also produces radio and television programs and has a book division.
At the magazine and the book divisions, operating profits fell in fiscal 1989.
Time Warner attributed the increase to gains by both its magazine and book divisions.
The book division has a catalogue of over 4,000 titles, publishing some 400 new books and 12 million volumes a year.
Time-Life no longer publishes books as its book division was closed in 2003.