As Layoffs Loom, Time Inc. May Be Ready to Unload Certain Magazines

Jun 16, 2017  •  Post A Comment

“Rumors are swirling inside Time Inc. that the company is looking at four magazines as selloff possibilities: Coastal Living and Sunset — as a unit — and maybe Health and Golf,” The New York Post reports. “There is also chatter that the media giant will sell off its British wing, known as IPC, which includes 64 magazines.”

The report adds: “Time’s London wing was said to have absorbed about 100 of the 300 people who are being cut in the global downsizing announced Tuesday, according to insiders.”

Time isn’t commenting, but the company has reportedly hired the management consulting firm McKinsey & Co. to help figure out what to keep and what to jettison.

One Comment

  1. another fake news outlet going under

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