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The Great Time Inc Magazine Sale Details: DealBreaker Breaking News

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Time Inc’s sale of Time4 media properties, according to a DealBreaker source, is set to include: Popular Science, Marine Group (Yachting, MotorBoating and SaltWater Sportsman), Time4 Outdoors (Field & Stream, Outdoor Life), TransWorld Media (TW Skateboarding, TW Snowboarding, TW Surf, TW Motocross, Ride BMX, Quad) and Mountain Sports Media (Ski, Skiing, Warren Miller Entertainment). Golf,, and This Old House Ventures, including This Old House television production and This Old House magazine, will be staying at Time Inc.
As reported earlier, Time Inc’s The Parenting Group is also for sale. This group includes the magazines Parenting and Babytalk, as well as the online site
According to our well-placed source, In all there are 18 print titles for sale. 440 employees work at the Time4 Media titles involved and another 120 work at The Parenting Group. Employees have been told that there will be no lay-offs before the sale.
Time Inc hopes to close the deal by Christmas, the source informs us. The company expects the buyer will be a private equity firm. Hmm. Who could that be?