AABP EP Awards 728x90

Meredith moves to sell Time, Fortune and Sports Illustrated titles, sources say

/wp-content/uploads/2022/11/BR_web_311x311.jpeg

Reuters: Meredith Corp. has hired advisers to explore a sale of its Time, Fortune, Money and Sports Illustrated magazines following its $1.84 billion acquisition of Time Inc. in January, people familiar with the matter said. The move illustrates how Meredith sees some of Time Inc.’s titles that attract primarily male readership as not playing to its core strength in women’s magazines, which include Better Homes & Gardens, Family Circle and Martha Stewart Living. While it’s possible that media or telecommunications companies could express an interest in the magazines, a sale to wealthy individuals is viewed by Meredith as more likely, according to one of the sources. Separately, the prestigious Henry Luce Award, named for the man who co-founded Time Inc. in 1922, is going to be renamed the Meredith Achievement Award, the New York Post reported, citing an unnamed source.