Time Warner in talks to sell part of Time Inc.

Time Warner is in talks to sell a large portion of its Time Inc. magazine division, including People, InStyle and Real Simple, according to a report Wednesday afternoon by Fortune.Headed for Meredith, Berkshire Hathaway or nowhere new after all?Fortune is itself a Time Inc. magazine but reported that it isn't part of the deal being discussed. Neither is the flagship Time or Sports Illustrated, Fortune said. People is a huge profit center and the crown jewel in the portfolio.A spokesman for Time Warner declined to comment. Spokeswomen for Time Inc. and BDT Capital Partners, a bank reportedly involved in the talks, did not immediately return calls.Speculation immediately turned to the identity of the potential "serious buyer" mentioned but not named in the article. Former Time Warner CEO Dick Parsons once told a "town hall" meeting of 400 staffers about a conversation he'd had with Warren Buffett."As your friend, don't do that, it's a good business," said Mr. Buffett, according to people who heard Mr. Parsons tell the story. "But," he added, "if you do sell it, sell it to me."A media investment banker, however, argued that getting Time Warner to sell its magazine portfolio in pieces would probably require a little extra incentive -- while Mr. Buffett tends to look for bargains. "These are the premier brands in the world in magazine publishing, and to split them up is surprising," said Reed Phillips, CEO at DeSilva & Phillips. "I would've thought they would've wanted to... Continue reading at 'Crains New York'

[ Crains New York | 2013-02-14 00:00:00 UTC ]

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YA for Changing Times

We asked editors about the ways teen literature is expanding to reflect today’s world, with topical themes, diverse representation, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-05-17 04:00:00 UTC ]
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Sunday Times thriller list criticised for 'bias against women'

The Sunday Times Top 100 Crime List has come under fire, after women made up just a third of the listed novels.  Continue reading at The Bookseller

[ The Bookseller | 2019-05-16 00:00:00 UTC ]
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Unfiltered: This author uses humor, honesty to talk about race in the US

Cultural critic Damon Young discusses his memoir ‘What Doesn’t Kill You Makes You Blacker,’ and its goal of filling gaps in racial perceptions. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2019-05-16 00:00:00 UTC ]
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Escape reality with these delightful old-time thrillers. You’ll forget 2020 is almost here.

Set in the 1920s and ’30s, the works of Dornford Yates feature witty crime-fighters zipping around Europe. Continue reading at The Washington Post

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TCAF 2019 Hails Manga Stars; PW Talks with Oni's James Lucas Jones

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Hodder scoops Times fashion editor Walker debut on maternity leave rivalry

Hodder & Stoughton has scooped two novels from debut author and Times fashion editor Harriet Walker. Continue reading at The Bookseller

[ The Bookseller | 2019-05-15 00:00:00 UTC ]
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New Booker Prize sponsors make Sunday Times Rich List top 50

Husband and wife Sir Michael Moritz and Harriet Heyman are among the 50 wealthiest individuals or families in the UK, worth £3bn, according to the Sunday Times Rich List. Continue reading at The Bookseller

[ The Bookseller | 2019-05-14 00:00:00 UTC ]
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Davies and De Waal among Sunday Times Audible Short Story judges

Authors Carys Davies and Kit de Waal will be among the judges for this year’s Sunday Times Short Story Award, which this year is sponsored for the first time by Audible. Continue reading at The Bookseller

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BAME: The children's bookshop selling diversity

A shop in Brixton only sells books featuring black, Asian or minority ethnic (BAME) protagonists. Continue reading at BBC News

[ BBC News | 2019-05-11 00:00:00 UTC ]
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Pottermore and Warner Bros form new joint venture

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Explore the World: PW Talks with BigFoot

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BookExpo 2019: Talking with Literati, PW’s Bookstore of the Year

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BookExpo 2019: Talking with Cindy Heidemann, PW’s Rep of the Year

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BookTrust chooses The Cave for Time to Read campaign

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[ The Bookseller | 2019-05-02 00:00:00 UTC ]
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[ Publishers Weekly | 2019-04-29 00:00:00 UTC ]
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