Time Warner, the world's largest publisher of consumer magazines, is continuing to downsize its portfolio, striking a deal to sell 18 enthusiast titles in its Time 4 Media Group to Sweden's Bonnier
Group for more than $200 million, reports the
New York Post. The paper reports that is a loss from the $300 million Time Warner originally paid for the magazines, which include such titles as
Field & Stream, Outdoor Life, TransWorld Snowboarding, Yachting, and
Salt Water Sportsman.
