Time Inc., the Unwanted Party Guest Being Pushed Out the Door
How toxic have print assets become? This toxic: Media companies have begun to quarantine them. On Wednesday, Time Inc., the largest magazine publisher in the country, found itself at the wrong end of a 10-foot pole. Its corporate parent, Time Warner, which has a broad and lucrative array of entertainment assets, was making plans to spin off much of the tattered print unit in a shotgun marriage with Meredith, a Midwest-based company that was trying to do much the same thing.
Under the plan, which is far from final, the two companies would contribute magazines to create a new