Sep
10
Time Inc. Close to Buying American Express Magazines
Posted in: Uncategorized
The Joe Ripp era at Time Inc., it seems, will begin with an expansion of the company’s print portfolio.
Time Inc., where Mr. Ripp assumed CEO responsibilities last week, is in “very late stage” talks with American Express to acquire five brands from the company, including Food & Wine, Travel & Leisure and Departures, according to two people familiar with the matter.
The New York Post’s Keith Kelly first reported the news on Monday.
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