Time Inc. sells 18 magazines to Bonnier

January 26, 2007 Time Inc. said Thursday it is selling 18 of its smaller magazine titles including Popular Science, Field & Stream and Parenting to Swedish publisher Bonnier Magazine Group. The sale marked the latest effort by the magazine company to restructure its business and adapt as readers and advertisers increasingly look to the Internet for news, entertainment and information. Bonnier said the acquisition will make the company and its U.S. magazine partner, World Publications, one of the largest consumer publishing groups in the U.S. with 40 titles and annual revenue of more than $350 million.

Subscribe to the Hollywood Reporter and see the entertainment industry from its best angle: the inside looking out. Complete access to real-time news and exclusive analysis that goes behind the scenes from film to television, home video to digital media.

   Subscribe now.