Dow Jones Newswires reports that Martin sees electronic distribution to devices like Apple's iPad and Amazon's Kindle may offer hope for magazines.

"We have a high degree of confidence that we can create that same dual revenue stream in an electronic way that we've enjoyed throughout our history in magazine publishing," said Martin.

Time Inc., whose publications include Time (duh), Fortune and People, has like many publishing segments of media conglomerates, is one of the duller parts of Time Warner's portfolio.

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