Time Inc. Explores Sale of Sunset, Golf Magazines
- Coastal Living also put on block to focus on larger titles
- CEO Battista says company not ruling out selling other assets
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Time Inc. is exploring a sale of Coastal Living, Sunset and Golf magazines as the struggling publisher concentrates on larger titles in its turnaround strategy, Chief Executive Officer Rich Battista said in an interview Tuesday.
Battista said in May the company would sell some smaller properties as it tried to push ahead with a digital strategy and move past months of talks with potential acquirers.