NEW YORK -- Time Inc. will prune its huge magazine portfolio, by seeking buyers for 18 of its smaller titles, leaving it to concentrate on larger properties like Time, People, and Sports Illustrated.
Titles to be sold include Popular Science, Outdoor Life, Field & Stream, and Yachting, said someone familiar with the matter .
News of the planned sales was reported earlier Tuesday by Advertising Age magazine.
Time Inc. has struggled recently along with other magazine publishers, partly because more readers and advertising have been going to the Internet.
Even after the sales, Time Inc. will still be a huge magazine publisher, with more than 130 magazine titles that include Fortune, Time, and In Style. The other titles headed for sale include Motor Boating, Ski, Skiing, and Saltwater Sportsman.
