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The Wall Street Journal’s Heard on the Street column says the the 35% drop in the Time Inc.’s third-quarter operating income, dragging down Time Warner’s overall growth, should bolster the case for a sale of (some or all) the magazines, lest the “sell-by” dates on these media properties expire.  Time would likely fetch a premium price from a wealthy investor or investors, thanks to its venerable history.  And the reorganization of Time and Fortune into a new “News” unit within Time Inc. would appear to make a partial sale of magazines easier.  The Wall Street Journal (Nov. 6, 2008)  Paid subscription may be required.

Tags: Fortune, Jeff Bewkes, Time, Time Inc.

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