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While Time Inc Boss Rich Battista is in Rome For the Weekend, Speculation Continues to Build Around The Company

TIME INC CEO RICH BATTISTA
Time Inc CEO Rich Battista is in Rome this weekend with other business leaders for the Fortune and Time Global Forum. As he's overseas, speculation continues to hover over his company and its future. Mr. Battista who has only been CEO for four months, is possibly facing a bidding war for Time Inc that many believe is brewing. Now another publisher is being brought into the flood of news about a possible takeover of the almost 100 year old company. According to NYP If and when Time Inc is sold to the highest bidder, there is now speculation that the new owner(s) will look to sell off some of its publications to help shave down the costs. One publisher that may swoop in and takeover some of the titles is said to be Hearst which would probably want to get their hands on titles like InStyle and Real Simple. Meredith Corp which is seen by many insiders as a likely bidder for Time Inc, has been relatively quiet. So as Mr. Battista is out of the country, the future of the company he's in charge of, hangs in the balance. However until someone makes a move, its business as usual at Time Inc as it continues to restructure its editorial operations.





While Time Inc Boss Rich Battista is in Rome For the Weekend, Speculation Continues to Build Around The Company Reviewed by Editor on 9:27 AM Rating: 5
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