Time Inc. in Talks to Divest Publishing Assets
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