Market Minute: Time Warner in Talks With Meredith Corp On Magazines

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By Peter Lauria

Feb 13 (Reuters) – Time Warner Inc (TWX) is in talks to sell the majority of its Time Inc magazine division to Meredith Corp (MDP), according to a source familiar with the situation.

The source, who asked not to be named, said the talks are in the early stages and are “very fluid.” The valuation being ascribed to Time Inc, the nation’s largest magazine publisher, with titles such as Time, Sports Illustrated and People, ranges from $2 billion to $3.5 billion.

A report in…

Market Minute: Time Warner in Talks With Meredith Corp On Magazines originally appeared on DailyFinance.com on 2013-02-14T08:45:00Z.

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