Time Inc Didn't Pay Much For Travel+Leisure, In Fact Made $20 Million Gain
Skift Take
Not much of a shocker, such is the state of the legacy magazine business these days.
Time Inc, in the process of being spun out from its current parent Time Warner, didn't pay much for the recent acquisition of American Express Publishing from American Express, according to its first SEC filing yesterday. The acquisition, which was earlier said to be valued at less than $100 million, included travel magazines Food & Wine, Travel+Leisure,Departures, and Executive Travel.
But the realit
