The Future of Time Inc. Could Fall to CNN’s Jeff Zucker
Time Warner (TWX) brought in Jeff Zucker to breathe new life into its cable news channel. Now he could find himself overseeing another challenge: resuscitating the company’s newsmagazines.
Time Warner is considering a move that would send the majority of its magazines, including People, Entertainment Weekly, and InStyle, to Meredith (MDP). Under the presumptive deal, it would hold on to Time, Money, Sports Illustrated, and Fortune.