Time Inc. in Talks to Divest Publishing Assets

February 14, 2013

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Time Inc. is in early talks to divest its publishing assets, reportedly to Meredith Corp. The country’s largest publisher has been dogged by rumors of a possible spin-off from parent company Time-Warner Inc. for years. As early as 2009, chief executive officer Jeff Bewkes went on the record to dismiss the speculation — although last week in a CNBC interview he admitted it was something the group was mulling over.

Fortune.com broke the story Wednesday, with a source telling the site that “a serious buyer” was interested in the Time Inc. portfolio. According to fortune.com, one possible scenario is that...

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Source: WWD

Companies Mentioned:

Entertainment Weekly	Forbes	Fortune
Meredith Corp.	People Magazine	Sports Illustrated
The New York Times	Time Inc.

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