American Media Inc. Considers Buying Time Inc.
This one is sure to send Time Inc. editors into head-spinning convulsions.
The latest name to surface as a potential suitor for the venerable publisher of Time, InStyle, People and Sports Illustrated is National Enquirer owner American Media Inc.
“We’ve heard American Media is interested,” one well-placed financial source whispered on Tuesday. “In today’s financial climate, it makes sense.”
It might seem logical but, if it comes to pass, will surely result in a massive clash of cultures.