Time Warner Discussing Sale Of Time Inc.

CNN, Wednesday, February 13, 2013 4:06 PM
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Time Warner is in talks with a "serious buyer" to sell off its $3.4 billion publishing arm, Time Inc., according to sources cited by Fortune reporters. The potential deal being discussed, which "may never come to fruition," could include Time Warner still maintaining control of at least three titles --  Time, Sports Illustrated, and Fortune. The rationale for keeping those pubs is "not clear," since it's People, "said to be the most profitable magazine in the world," that's the top prize.

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