Over at Mixed Media, there’s some talk about Time Warner spinning off Time Inc.

The evidence: Time Inc. is streamlining.

They pulled the plug on Business 2.0 a few weeks ago. And there was "restructuring" at Sports Illustrated and Time earlier this year.

Sources say if Time Inc. is spun off, it would be as an IPO, not a leveraged buy out.

But this is all conjecture. After all, the last piece of evidence of the spin-off is that their magazines are run by “15 old white guys," which has been a winning formula for almost every magazine published ever.