Even before Time Warner(TWX) spun it off in June 2014, Meredith(MDP) was in talks trying to effect a Reverse Morris Trust transaction. Over the subsequent years, Time repeatedly was the subject of buyout discussion, and Meredith was always in the mix. Well after five years, Meredith finally got its prize. On January 31, Meredith closed its $2.8 billion… Read More »
Four months after its failed sale process, Time Warner(TWX) spinoff Time, Inc.(TIME) is pursuing the part of its strategy described as “selective portfolio rationalization”. Bloomberg reports that CEO Rich Battista stated in an interview that these “wonderful brands” need a new home so that Time can invest elsewhere. In the interview, Battista called the three publications “wonderful brands”… Read More »
It looks like Rich Battista will get his chance to dilate Time,Inc.(TIME) after all. After months of speculation and talks, beginning just after he began as CEO last fall, Time announced on Friday that its Board had determined not to sell the company at this time and to instead continue pursuing Battista’s strategic plan. What is the key… Read More »
Time, Inc.’s(TIME) brief interlude as a public company following its 2014 spinoff from Time Warner(TWX) appears to be coming to a close. Rumors about Meredith(MDP) interest in some or all of Time have been rampant for years. Speculation that a sale was near increased dramatically with reports last November that a group led by Edgar Bronfman, Jr. had… Read More »
Time, Inc.(TIME) CEO Rich Battista has big plans for the transformation of the venerable magazine publisher, but it is doubtful that he will be given the time to execute on them. Battista became CEO late last year, replacing Joe Ripp, who had led the company since its 2014 spinoff from Time Warner(TWX). Rich Battista, the new chief executive… Read More »