Monday 18 February 2013, 12:40 | By

IPC owner could be sold

Media

Time Inc

Time Warner is reportedly in talks to sell off its magazine publishing business Time Inc, which includes UK-based NME and Uncut publisher IPC.

Fortune, itself a Time Inc-owned magazine, has cited several unknown sources as saying the entertainment giant is indeed in talks with a possible bidder for some or all of its publishing division. The business title calls the talks “formative”.

The latest gossiping about a Time Inc sale follows the announcement two weeks ago of a 6% headcount cull across the publishing company, which will likely result in about 150 job losses at IPC.

OR READ MORE ABOUT: | | |

  • Apple not closing Beats Music, though a rebrand under iTunes could be on the cards
  • The Edge’s Californian mega-estate given green light (kind of)
  • We Are Hunted co-founder launches new SoundCloud-powered discovery service
  • Iggy to deliver John Peel Lecture
  • Tanya Tagaq wins Polaris Music Prize
  •