magazine-rack

Hearst starts talks to buy some of Time Inc. magazines

Hearst Corp. executives are said to be interested in taking a peek at some pieces of the Time Inc. empire if it were to be bought and busted up.

In particular, Hearst may take a look at Real Simple, InStyle and Cooking Light.

Hearst’s interest allowed the three suitors who recently expressed interest — only to have their $18-a-share offer rejected — to raise their offer.

There have been high-level discussions at Hearst but no approach to Time Inc., said one knowledgeable source.

Read more…