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Time Crunch At Time, Inc.

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We hear that Time, Inc. is feeling crunched for time in its attempt to get a few magazine deals signed up by year end. In September, Time announced plans to sell several titles. Our source tells us that Time has been meeting with prospective buyers this week and will continue meetings next week. But, the source says, executives at the magazine and their bankers are now pushing to get deals done between Thanskgiving and Christmas. Time apparentoy doesn’t want to wait until 2007 to start signing up deals, fearing that dealmakers and investment bankers might be unmotivated to quickly close sales early in the first quarter of the new year.