As for Time Inc., Bewkes started out by noting the division is "good at publishing," and as it expands in more areas, such as digital, he believes that it can turn into a strong growth business. He noted, however, that its future at Time Warner will depend on how that is demonstrated to investors, among others. Revenues at Time Inc. for the fourth quarter rose 1 percent to $1.5 billion, while operating income before depreciation and amortization increased 2 percent to $414 million. At Time Warner overall, revenues were up 2 percent to $12.6 billion and adjusted operating income before depreciation and amortization jumped 16 percent to $3.5 billion over the fourth quarter in 2006. Net income dropped 41 percent to just more than $1 billion. — Amy Wicks

THE WORLD OF RALPH: In November, Ralph Lauren recruited Departures associate editor Matt Trainor to be editorial director of ralphlauren.com, and now the fruits of his labor have emerged. Originally launched in 2001, the online magazine RL has been relaunched as part of what a spokesman for Polo Ralph Lauren Corp. described as "'merchantainment' — a world where our customers can shop for our products, explore rich content [and] exclusive editorial and interact with the Ralph Lauren brand all at the same time." The new issue is a typical glimpse into the Ralph Lauren universe — an interview with Georgina Bloomberg and her horse-jumping prowess, and stories on wine and spirits, luxury cars, grooming, travel and philanthropy. In contrast to those who believe promulgating luxury goods is best done in print, the magazine is and will remain online only. — Irin Carmon