SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
Media giant Time Warner is in talks to sell most of its Time Inc. publishing business. Fortune reports Meredith, publisher of Family Circle and the Ladies’ Home Journal, is looking to buy most of Time Inc’s titles, such as People, InStyle, and Real Simple. The potential deal would see Time Warner keeping at least three titles — Time, Sports Illustrated, and Fortune. Time Warner CEO Jeffrey Bewkes has been slimming down the company, letting go of Time Warner Cable and AOL in 2009. With its revenues down, Time Inc. has become a drag on its corporate parent. Its revenues account for only 12% of Time Warner’s $28.7 billion sales.
Read more on CNN
Add a comment
How does this make you feel?
There are no comments yet. Add your comment to start the conversation.