Time Warner May Sell Off People, Other Magazines
It would keep Time, Sports Illustrated
By John Johnson, Newser Staff
Posted Feb 13, 2013 6:31 PM CST
People and Time magazines may soon have different parent companies.   (AP Photo/Mark Lennihan)

(Newser) – Time Warner is contemplating a big shakeup of the marquis magazines under its Time Inc. publishing division, reports Fortune and the New York Times. The media conglomerate is expected to sell People, InStyle, and Real Simple magazines to Meredith Corporation, which already publishes Better Homes and Gardens and Ladies Home Journal. Time Warner would keep Time, Fortune, and Sports Illustrated as the big titles in its slimmed-down publishing unit.

Time Inc. has been struggling of late and announced last month that it would lay off 6% of its staff. But selling off the entire unit, including the iconic namesake magazine, is apparently off limits for Time Warner chief executive Jeffrey Bewkes. “Time’s name is on the door," one insider tells the New York Times. "I think Jeff feels it would be better to hang onto it and not sell it for what would be a low price."

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Showing 3 of 5 comments
backpath2
Feb 15, 2013 4:44 PM CST
A smart move, but not enough. Time Warner needs to roll back the clock and look at what made Time the newsmagazine of record for decades. Careful research, good writing, high integrity. Does anybody at Time Warner remember the name Henry Luce?
SuperLemonTony
Feb 14, 2013 11:36 AM CST
I still like Playboy, Hustler and some other choice "reading" material as on my phone or iPad I am using a lot of screen cleaner. Just simpler to let the pages stick together.
right2dave
Feb 13, 2013 10:42 PM CST
Nobody reads these rags anymore.