Is Time Inc. going to be for sale?
Apologies for making you more jittery about the magazine business than you already are, there is a suggestion in the Wall Street Journal (via UK Press Gazette) that the publishing arm of Time Warner may soon be up for sale.
The question is whether, in the present economic situation, there are any would-be buyers. Time and Fortune are big-name titles and the Wall Street Journal suggests that as "trophy buys" they could fetch a price in excess of their economic value.
These days, the publishing side of Time Warner accounts for only nine per cent of the company's income, compared to 36 per cent from its cable channels, 23 per cent from its TV stations and about the same from its film business - figures that reflect the declining importance of the print side of the business.
Labels: magazine business
posted by D. B. Scott at
9:28 am
2 Comments:
makes one wonder if this is the time Rogers will gear up to dump its publishing division.
I would argue that Rogers has done a much better job of integrating its magazines into its growing multimedia empire. They're not a problem area, they're a tactical tool for marketing home phone and wireless.
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