Time Inc. Is Still Likely to Sell — And a Trump Backer Could Buy It
At the end of April, 94-year-old magazine publisher Time Inc surprised many onlookers when it announced it would not sell itself, after it had “evaluated a number of expressions of interest,” and would instead “pursue the company’s own strategic plan.” The stock fell 19% on the news.
But the idea that Time Inc will not sell is increasingly dubious. Multiple sources at the company tell Yahoo Finance that nothing has changed since then, and that they believe a sale is still coming.
As one recently departed Time Inc business executive tells Yahoo Finance, “For them to say [it isn’t for sale], they’re playing word games.”
Two high-profile potential buyers emerged in the media in the past two weeks, bringing the question of a Time Inc sale back to the fore.