“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.