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Meredith moves to sell Time, Fortune and Sports Illustrated titles: sources

A demonstrator carries a past issue of Time magazine carrying a picture of controversial Myanmar monk Wirathu on its cover. FILE PHOTO | AFP | YE AUNG THU

By  REUTERS

US media company Meredith Corp has hired advisers to explore a sale of its Time, Fortune, Money and Sports Illustrated magazines following its $1.84 billion acquisition of Time Inc in January, people familiar with the matter said.

The move illustrates how Meredith sees some of Time Inc’s titles that attract primarily male readership as not playing to its core strength in women’s magazines, which include Better Homes & Gardens, Family Circle and Martha Stewart Living.

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