Time Warner Eying Periodical Divestiture in U.K.

Image via WikipediaA shake-up by Time Warner of its IPC Media holdings may be in the offing, reports The Telegraph, which may include the sale of  groups of magazines or individual titles.

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.