Report: Hearst Interested in Buying Some of Time Inc.’s Magazines

Dec 7, 2016  •  Post A Comment

“Hearst Corp. executives are said to be interested in taking a peek at some pieces of the Time Inc. empire if it were to be bought and busted up,” The New York Post reports. “In particular, Hearst may take a look at Real Simple, InStyle and Cooking Light.”

The report adds: “Hearst’s interest allowed the three suitors who recently expressed interest — only to have their $18-a-share offer rejected — to raise their offer.”

The Post also notes: “Hearst’s interest is little more than an internal wish list at this point, sources said. There have been high-level discussions at Hearst but no approach to Time Inc., said one knowledgeable source.”

Hearst wasn’t commenting on the report.

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