Time Inc. Exploring Sale Of Birmingham’s Coastal Living, Other Titles

By Gerry Smith
Bloomberg

Time Inc. is exploring a sale of Coastal Living, Sunset and Golf magazines as the struggling publisher concentrates on larger titles in its turnaround strategy, Chief Executive Officer Rich Battista said in an interview Tuesday.

Battista said in May the company would sell some smaller properties as it tried to push ahead with a digital strategy and move past months of talks with potential acquirers.

In the interview, Battista called the three publications “wonderful brands” but said Time needed to invest in other properties instead. The company also publishes People and Sports Illustrated.“It’s really important to focus on the key biggest growth drivers of this company that will move the needle the most,” he said. “These are wonderful titles and wonderful brands. They’re just relatively smaller in our portfolio.”

Please visit Alabama News Center for the Full Article

Tags: ANC

Category: ALL POSTS, Partner News Stories