Time Warner Inc. (NYSE:TWX) is looking to divest itself of its magazine division according to an article that appeared in Bloomberg earlier today. According to the piece, a source familiar with the matter said that the media group is currently in talks with a buyer for the Magazine segment of its business. The magazine division owned by Time Warner Inc. (NYSE:TWX) includes huge titles like Time Magazine, Entertainment Weekly, Fortune, Spots Illustrated, and Life. The deal would see Time Warner retain control of the titles, Time, Sports Illustrated and Fortune, and would see the remaining titles rolled into a new entity…
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