This one is sure to send Time Inc. editors into head-spinning convulsions.
The latest name to surface as a potential suitor for the venerable publisher of Time, InStyle, People and Sports Illustrated is National Enquirer owner American Media Inc.
“We’ve heard American Media is interested,” one well-placed financial source whispered on Tuesday. “In today’s financial climate, it makes sense.”
It might seem logical but, if it comes to pass, will surely result in a massive clash of cultures.
“I think their heads will explode,” said one former Time Inc editor when asked what he anticipated the reaction would be from his former colleagues.
The Time board could meet as early as next week to decide whether the company will pursue merger offers or go it alone, sources said.