Time Warner sold off 18 of it’s magazine titles, including the group that was responsible for Transworld Skateboarding. Swedish company The Bonnier Group was the winning bidder. Expect increased Per Welinder and Tony Magnuson coverage in the near future. Yes, this is going in my photoshop resume… Links to some actual legitimate news sources after the jump.

Of course, they also laid off 300 people today. I wonder if these pink slips were a condition of the sale.

TIME INC. LAYS OFF 300: TIME, PEOPLE SHUTTER BUREAUS from Media Week

TIME WARNER SELLS MAGS UNDER $300M from the New York Post

SKOL! TIME INC. SELLS TITLES TO SWEDISH PUBLISHING GIANT from Eat The Press on the Huffington Post

TIME INC. NOTIFIES LOSERS IN TIME4 MEDIA BID from Advertising Age.

Links predating the sale:

TIME MAY BREAK UP MAGS TO MAKE SALE from the New York Post

TIME INC. TO SHED 18 TITLES, INCLUDING ‘PARENTING’ from Media Buyer Planner

TIME OUT. IS TIME WARNER GOING TO SELL OFF TIME…
from Slate

January 25th, 2007 by: Kilwag (editor)
More posts by Kilwag - Who the hell is Kilwag?
File under Industry Crap, Magazines, Media Watch

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