May

Time Inc. to Sell Assets Amid Push to Move Beyond Magazines

Publisher will sell smaller, ‘non core’ assets in portfolio
Investor demands details of strategic plan on earnings call

Time Inc. is planning to sell some magazines or other properties as the struggling publisher tries to push ahead with a digital strategy and move past months of talks with potential acquirers.

The owner of Sports Illustrated and People will look to offload “relatively smaller” titles in its portfolio and other “non-core” assets, Chief Executive Officer Rich Battista said Wednesday on a conference call. He didn’t name the assets…

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Time Inc. to Sell Assets Amid Push to Move Beyond Magazines

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