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Revolving Door Newsletter: 09.15.06
Scads of Time-rs Out After 18 Mags ShutteredSeptember 15, 2006
Sure the biggest news of the week, with long-term implication still TBD, is Time Inc.'s intention to put 18 of its magazines on the block, including a few fairly big names -- Popular Science, Parenting, and Field & Stream -- among them. Time Inc. hopes to sell them all in one piece, or maybe two (with The Parenting Group going to one buyer and everything else to another), at a price guesstimated at somewhere between $300 to $400 million. The sale will essentially undo the purchase of the Times Mirror magazines back in 2000 (at a cost of $475 million, and that didn't include ParentingParenting<...