Time Warner Preparing to Sell Off Magazines

Media

Updated Apr. 21, 2017 12:17PM EDT / Published Feb. 13, 2013 1:40PM EST

Somewhere in Manhattan, Time Inc. editors are contemplating a move to Iowa. Time Warner is reportedly in talks with Meredith Corporation to sell off most of its magazine titles, including Entertainment Weekly, People, and InStyle. Meredith, based in Des Moines, publishes Better Homes and Gardens and Ladies' Home Journal. Time Warner would keep Time, Sports Illustrated, and Fortune. Time Inc.'s revenue fell 6.6 percent last year, and last month it announced that it would lay off 6 percent of its workforce. Time Warner CEO Jeffrey Bewkes would be following the lead of Rupert Murdoch, who decided to separate News Corporation’s publishing arm from its film and television business.

Read it at Fortune

Trump Team Scheming to Devalue Dollar if He Wins: Report

It’s an aggressive move designed to reduce the trade deficit—but risks losing the dollar’s coveted status as world reserve currency.

Bollywood Star’s Home Shot Up Over 1998 Killing of Antelopes

Two suspects in the attack reportedly belong to a gang from a religious sect for which the animals hold a special significance.

Alarms Went Off on Ship Hours Before Bridge Crash: Report

The Dali had not even left port when the alarms were triggered.

DOJ Gears Up to Bring Ticketmaster Antitrust Lawsuit: Report

The case could be filed as early as May.

Caitlin Clark Finally Learns Which WNBA Team She’ll Join

“I got a little anxious there before the pick,” Clark said after the announcement.

NY Philharmonic Benches Musicians Amid Sex Assault Scandal

Matthew Muckey and Liang Wang were fired by the orchestra in 2018 after a female musician accused them of sexual misconduct. They were reinstated two years later.

Prince Harry Loses Initial Bid to Appeal Security Ruling

Despite the ruling, Harry plans to fight on.

Clarence Thomas Mysteriously Absent From SCOTUS Arguments

The court declined to give a reason for the absence but said Thomas would “participate fully” in the cases through briefs and transcripts.

Time Warner Preparing to Sell Off Magazines