 On March 6, 2013, Time Warner intended to spin-off its publishing division Time Inc. as a separate, publicly traded company.The transaction was completed on June 6, 2014.In January 2014, Time Warner, Related Companies, and Oxford Properties Group announced that the then Time Warner intended to relocate the company's corporate headquarters and its New York City-based employees to 30 Hudson Yards in the Hudson Yards neighborhood in Chelsea, Manhattan, and has accordingly made an initial financial commitment.