Time Warner paid venture capitalist Cinvin $1.7 billion in 2001 to acquire IPC, the U.K.'s largest magazine group. (See "TUOL" post 8/23/10.) In a restructuring last April, IPC was reduced to three divisions from five. Among the Time Warner-owned periodicals are Horse & Hound and fashion magazine Marie Claire.
Monday, February 7, 2011
Time Warner Eying Periodical Divestiture in U.K.
Time Warner paid venture capitalist Cinvin $1.7 billion in 2001 to acquire IPC, the U.K.'s largest magazine group. (See "TUOL" post 8/23/10.) In a restructuring last April, IPC was reduced to three divisions from five. Among the Time Warner-owned periodicals are Horse & Hound and fashion magazine Marie Claire.
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