Time Warner plans to sell part of magazine unit

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Time Warner is in talks to sell several magazines from its Time Inc. division to Meredith, a media company that specializes in home and women’s publications, according to a person familiar with the discussions.

Most of Time Warner’s titles, including People, InStyle, and Real Simple, are up for sale, says the source, who declined to be named because he wasn’t authorized to speak publicly about the deal. In one scenario being discussed, the titles for sale may be combined in a newly formed company that could be sold to Meredith.

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