Time Inc. Explores Sales Of 3 Lifestyle Magazines and UK subsidiary

Time Inc. is exploring the sale of three of its titles: Coastal Living, Sunset and Golf.

Time Inc. CEO Rich Battista told Bloomberg the focus is on “the key biggest growth drivers of this company that will move the needle the most. These are wonderful titles and wonderful brands. They’re just relatively smaller in our portfolio.”

Time, Inc. has also hired an investment bank to explore a possible sale of its UK division, according to The Wall Street Journal. The company is reportedly in initial discussions with potential buyers.

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