Wednesday, September 13, 2006

Time Inc. puts Transworld Media up for sale

September 12, 2006

Time Inc. plans to put the Parenting Group and most of its Time4 Media magazines up for sale today -- kicking off much-anticipated but previously uncertain asset dispositions by the country's biggest magazine publisher.

One of the Time4 Media businesses for sale is TransWorld Media (TW Skateboarding, TW Snowboarding, TW Surf, TW Motocross, Ride BMX, Quad).

Time Inc sent a statement to their employees today, stating that: “Time Inc. is focusing its energy, resources and investment on our largest and most profitable brands, brands that have demonstrated an ability to draw large audiences in print and digital form.”

In all there are 18 print titles for sale. 440 employees work at the Time4 Media titles involved and another 120 work at The Parenting Group.

Read the full article here; http://adage.com/mediaworks/article?article_id=111808

No comments: