Meredith Buying Time May Be Its Safest Route to Really Going Digital

Time has begun to show signs that legacy print publishers can transition to digital from print, but merging with Meredith may be the best way to get there. Experience matters, and reports that Time is no longer being pursued by an investor group led by Edgar Bronfman Jr. should come as a welcome sign for a company that would probably be best served if its new owners have first-hand knowledge of the digital magazine business.

Iconic Publisher Time Poised to Begin Talks With Potential Buyers

The company’s board will open talks with potential acquirers, setting the stage for a likely sale of the publisher of Fortune, People and Sports Illustrated. After months of speculation, Time ‘s board is planning to hold talks that could lead to a sale of the media company, publisher of such popular titles as Fortune , People and Sports Illustrated , a source close to the matter said.