Monday, August 23, 2010

Time Warner Ditching UK Periodicals?

Time WarnerImage via WikipediaThe New York Post reports that Ipc Media, Great Britain's largest magazine group, is undergoing a strategic review by parent Time Warner that will lead to the jettisoning of some niche titles and the possible unloading of the entire magazine division.

Time Warner acquired Ipc Media  in 2001 for $1.7 billion from venture capitalist Cinven. Reportedly, niche periodicals Railway, Guitar & Bass and Web User are already slated to be sold and Loaded may be unloaded to Vitality Publishing.

Industry observers say it's not outside the realm of possibility that Time Warner will get out entirely from under the financial strain of owning the magazine group. Ipc titles include Horse & Hound, Now, Chat, Look, and Nuts.
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