Time Warner eyes sale of some magazines: Report
NEW YORK, Feb 13, 2013 (AFP) - Media giant Time Warner is in talks on the sale of some of its magazines to a large United States (US) publisher, the conglomerate's Fortune magazine reported on Wednesday.
The report said some of the titles such as People, InStyle and Real Simple, would be carved out and rolled into a company to be sold to Meredith, the Iowa-based publisher of Family Circle.
But other titles in the Time Inc. family, including Time Magazine, Sports Illustrated and Fortune, would be kept by the New York-based media group.
The report said details of the plan were still being discussed but that Time Warner chief executive Jeff Bewkes was moving to slim down the operations of the group, which also operates Warner Bros Studio, CNN and a host of television and digital assets.