As Dan Gross points out, Time Warner seems pretty uninterested in making major investments or innovations in its magazine business. Maybe its planning on selling it off. Who would buy? Oh, we don't know. Maybe the folks who just hired Time Inc's editor-in-chief?
And here's a leading indicator. The Carlyle Group, the huge private-equity firm that constantly scours the marketplace for multibillion-dollar deals, last month added a new senior adviser to its media and telecommunications team: Norman Pearlstine, the former editor-in-chief of Time Inc. Pearlstine's new job? He's supposed to tell Carlyle which huge media companies it should buy.
Time Out [Slate]