Blog Post

Two Dozen-plus Show Interest In Time Inc.’s Niche Mags

Keith Kelly reports that at least 28 parties have expressed interest in looking over Time Inc.’s Niche pubs as potential bidders but only a few are from U.S with financial players and European publishers making up the bulk. The preview books are expected to be released early next month but one source tells Kelly the 18 titles, which include the Parenting Group, have free cash flow of about $30 million and could bring $300-400 million. (via Romenesko)
Related: Communacopia XV: Bewkes: AOL’s Growth Faster; No Piecemeal Time Inc Sale
Moore: Time Inc. Has To Shrink In Order To Grow
Time Inc. To Sell 18 Niche Pubs; Will Focus on Large Audiences Online And Off