The New Time Inc.: Hunter or Prey?
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The spinoff of Time Inc. to create the world’s largest publicly-traded magazine publisher may be just the beginning of deals for the owner of People and Sports Illustrated.
With analysts estimating an enterprise value of about $3.9 billion — a measure of what it could cost to buy a company — an independent Time Inc. will be bigger than any other publicly held enterprise focused on magazine publishing, according to data compiled by Bloomberg. Following a failed attempt to divest some magazines to Meredith Corp., Time Inc. could actually buy Meredith, which is half its projected size, to consolidate costs, said Wunderlich Securities.
Or, Time Inc.’s titles and its more than $3 billion in annual revenue may lure private-equity interest, said Wedbush Inc.
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