Canadian Publishing Industry News
7 April 2018,     DES MOINES
Time Magazine up for Sale
Up for Sale
Up for Sale
Time Magazine, Fortune and Sports Illustrated are up for sale. Meredith Corporation that bought the magazine division from Time Warner last year for $1.8 billion last year. These titles  have male dominated audiences do  not appear to fit with Meredith female titles such as Better Homes and Gardens, Family Circle and Martha Stewart Living.Meredith  plans to keep other  titles such as People, Entertainment Weekly and InStyle.
Focusing on female audiance
Focusing on female audience
The Time Magazine acquisition was partly finances by the Koch brothers who have supported right wing American politics. Citigroup has been hired to find possible buyers. Likely buyers are telecommunication or technology companies. Another more likely group are philanthropists or wealthy individuals. The Koch brothers have indicated they are not interested. 
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