Time Inc. is trying to sell Coastal Living, Sunset and Golf magazines, CEO Rich Battista told Bloomberg in an interview Tuesday.
ADVERTISEMENT
Time Inc. is trying to sell 3 magazines as a part of its turnaround plan
Time Inc. is looking to Golf, Sunset and Coastal Living.
null
ADVERTISEMENT
Recommended articles
The move comes on the heels of the company cutting its global staff by 300 employees as part of a restructuring plan, just last month, following up with it announcing that it was looking to a majority stake in Essence last week.
The company embarked on the plan after deciding not to entertain buyout offers for the entire company in April.
It said that the ongoing strategy would include a big digital push as well as “portfolio rationalization” — essentially asset sales.
ADVERTISEMENT
Time Inc. has hired management consulting firm McKinsey & Co. to try to figure out what stays and what direction the company should go in moving forward, the Post had
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Coinremitter claims to be a leading crypto payment gateway in the market
African countries projected to gain the most rich people
Nigeria claims $600m Maersk deal sealed but the company seems unaware of such deal
5 African countries Prince Harry and Meghan, Duchess of Sussex have visited
African countries are asserting their sovereignty amidst a global race for resource acquisition: The elite in the diaspora should be ready to facilitate.
Top 10 African countries that have the most smokers
Top 5 cheapest countries to buy beer in Africa
Africa’s path to transforming its finances - IMF
