The planned spin-off of the flagship magazine will unlock value for the media and entertainment giant.
Stocks are lower though well off their worst levels, after dropping sharply at the open.
Cliffs Natural is both upgraded and downgraded, and General Mills is upgraded to 'buy.'
For those whose mantra is buy high and sell even higher, here are some stocks on hot streaks.
KB Home and Lennar both upgraded to 'outperform.'
The wild popularity of Steven Brill's 25,000-word story shows that people still read in-depth articles that are interesting.
While media that began online appears to have an edge in advertising revenue, don't count out web properties set up by the old-school, pre-internet companies.
VIDEO ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Joe Cantrell says he faces charges after trying to take advantage of the retailer's policy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.