http://www.adweek.com/news/advertising-branding/time-incs-new-ceo-says-hes-open-selling-titles-151364
Time
Warner decided earlier this year to spin off its publishing arm, but Joe Ripp, Time
Inc.’s newly named CEO, hinted at more possible deals by the publisher of
Time and People.
Ripp
said the company needed to stay open to the possibility of whether its titles
could be worth more to a buyer.
“That’s
a question we should all be asking ourselves,” he said.
Earlier
this year, Time Warner was in talks with women-aimed media company Meredith
Corp. to merge their publishing units. Those
talks fell apart, though, and Time Warner subsequently announced it would
spin off its publishing division. But Time Inc.’s Lifestyle division, which
includes titles like Real Simple and Cooking Light, have long been seen as a
sale target, and Meredith CEO Stephen Lacy has said he remains interested in
the chance for the two companies to work together.
