Benioff acquired Time in 2018 for $190 million. Early talks to sell to Antenna have centered around a price of $150 million, according to a person familiar.
No deal is assured and the discussions are still early.24/7 San Diego news stream: Watch NBC 7 free wherever you are
No deal is assured and the talks are still early, said the people, who asked not to be named because the discussions are private. "There is no agreement to sell Time," said a Time spokesperson, who declined to comment on the talks with Antenna. An Antenna Group spokesperson didn't respond for comment.The talks come at a particularly turbulent time for legacy media companies, which are trying to stay afloat as digital-first assets amid competition with free services such as YouTube, TikTok and Instagram.it is considering a spinoff of its cable network group.
Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds "The Benioffs emerged as the best fit, willing to put journalistic integrity ahead of corporate gains," Alan Murray, chief content officer of the Time Inc. brands at Meredith, saidVice Media in 2022 before the company declared bankruptcy. Most of its investments have been Europe-centric, though it has invested in Arianna Huffington's technology company Thrive Global.
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