Time Inc. Reportedly on the Block:
Speculation about Time Warner selling off its publishing unit Time Inc. has been a favorite pastime of media watchers for years now. Partly because of the thrill of imagining the country's largest publisher being spun off and partly because of revenue and operating income challenges that have nagged the unit when compared to TW's other groups. And, as Time Inc. is in the midst of laying off six percent of its global workforce, a report today by Fortune, a Time Inc. title no less, cites several unnamed sources who say that Time Warner is indeed in discussions with a buyer to sell most or all of its publishing unit.
Fortune describes the talks as "formative."
