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Meredith will explore the sale of Time magazine while the company plans layoffs



Meredith Corporation said on Wednesday it will consider selling its Time, Sports Illustrated, Fortune and Money brands, citing differences in the target audience with its other titles.

"These are attractive properties with a strong consumer reach. However, they have different target audiences and advertising bases, and we believe that each brand is more suitable to be successful with a new owner, "Meredith president and general manager Tom Harty said in a statement.

Meredith boasts of reach almost 80 percent of the millennial women with publications, such as Country Life, Better Homes and Gardens and Woman's Weekly.Your list also includes 17 television stations.Their content focuses mainly on entertainment, food, style of life, home, upbringing, beauty and fashion.

Advertisements go on sale "We are confident that these brands will position themselves to grow with an owner who shares Meredith's respect for editorial integrity and independence," said Harty in a statement.


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