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
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