Time Inc. Is Planning to Sell a Majority Share of Essence

But CEO Rich Battista still maintains it's a core asset

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When Time Inc. announced plans to cut around 300 jobs last month, it was part, but not all, of an effort to cut costs at the 94-year-old organization. At the time, CEO Rich Battista told WWD’s Alexandra Steigrad that title sales could be on the table, an echo of a May Q1 earnings call in which Battista said the company planned to sell “non-core assets.”

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