You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Time Warner in talks to shed magazines

Time Warner is in early talks to shed much of Time Inc., the country’s largest magazine publisher and the foundation on which the $49 billion media company was founded, according to people involved in the negotiations.

The company is currently in talks with Meredith Corp. to put most of its magazines, including People, InStyle, and Real Simple, into a separate, publicly traded company that would also include Meredith titles like Better Homes and Gardens and Ladies’ Home Journal.

Continue reading below

The deal being discussed is one of several options Time Warner is exploring, said the people, who could not discuss private company conversations publicly.

As part of the agreement, existing shareholders in Time Warner and Meredith would receive stakes in the new company.

A Time Warner spokesman declined to comment. News of the talks was first reported by Fortune.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of