Time for a change?
Time Warner Inc., a media business that spans television, film and print, is considering the sale of most of its magazines to Meredith Corp., the Des Moines-based publisher of Better Homes and Gardens, according to a Bloomberg News report.
Meredith would acquire all but three of Time Warner’s magazine titles, according to the source, who asked not to be named because the discussions are private. Time, Sports Illustrated and Fortune would remain with Time Warner.
Meredith, which owns KCTV here, is more interested in titles such as People, Real Simple and InStyle that fit with its magazines aimed at women.
A Time Warner spokesman declined to comment on the report.
Retail sales in the U.S. rose at a slower pace in January as an increase in payroll taxes took a bite out of consumers’ paychecks.
The 0.1 percent climb followed an unrevised 0.5 percent increase in December, Commerce Department figures showed.
| Star news services