Time Inc Hires Bank of America And Morgan Stanley in Preparation For Possible Sale
There have not been any meaningful conversations between Meredith and Time Inc. since we ceased those discussions back in March of 2013.
There may not be any discussions at the moment between Meredith and Time Inc, but Time Inc seems serious about having some discussions with potential buyers because the media company has hired two banking heavyweights, Bank of America and Morgan Stanley to help it manage any offers that may pop up again, including from Meredith and maybe even the Bronfman lead investment consortium and yes even Hearst Magazines. Time inc could either be sold off as a whole or piece by piece depending on which is more feasible. Though nothing is on the table right now (allegedly) there is a whiff of inevitability in the air. Time Inc may not make it to 100.
Time Inc Hires Bank of America And Morgan Stanley in Preparation For Possible Sale Reviewed by Editor on 5:28 PM Rating: