If Time Inc.’s intended sale of a majority stake in Essence sent mixed signals about what Time Inc. considers a “core asset” (Essence is core, according to Time Inc. CEO Rich Battista), Time Inc.’s plans for Coastal Living, Sunset and Golf do not.
As Bloomberg’s Gerry Smith reported yesterday, Time Inc. is considering a potential sale of those three titles, with Battista telling Smith that Time Inc. needs to “focus on the key biggest growth drivers of this company that will move the needle the most.”
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