Regarding the 18 magazines from its Time4Media and Parenting groups that Time Inc. put up for sale in September, we hear:
Initial bids are due October 25. (I’d bet that Time Inc. is hustling to get this done by the end of year.)
That revenues for all the magazines are somewhere north of $260 million and somewhere south of $300 million.
That their combined profit margin is around 8%—or somewhere north of $20 million and somewhere south of $25 million.
I’ll bet Time Inc. gets less than $300 million for the magazines.