Student or Learner
Recently I read the NYT’s article “Profit in Hand, Wealthy Family uses Spinnoff to cut tobacco tie”. My attention was focused on the term “spinoff”. Reading further I noted that the present noun came again into view as a verb “spinning off”.
Now, the next generation of Tisches has removed tobacco from the portfolio of the conglomerate they lead, the Loews Corporation, spinning off its tobacco unit, Lorillard, as a stand-alone business, with the Newport brand representing more than 90 percent of the new company’s revenue.
Would you be kind enough help me understand the proper meaning of the term “spinoff”? I know the meaning of “spin out” namely “protract or prolong” which does not go well with the present case. I imagine the following interpretation: spin off = make a total complete break with s’o./smth.; break/cur o’s ties.
Thank you for your efforts.
Thank you for your comprehensive explanation through the medium of the grand Dictionary.com.
spinoff = split-off = the act of separating or splitting away from something else.
Thank you again for your selfless work.