Reports in the US early today suggested Time Warner was in talks to sell some of its magazines to Meredith Corp. The sale would probably include IPC Media, the UK’s second-largest magazine publisher, with titles such as Marie Claire and NME. IPC has sold about 20 titles over the past few years and announced job cuts of 150 staff last month.
Meredith publishes 14 magazines, including Family Circle, Ladies Home Journal and Better Homes & Gardens, as well running TV stations.
Time, the largest magazine publisher in the US, with titles such as Time, Sports Illustrated and People, could fetch $2bn-$3.5bn.