Hearst Corp. executives are said to be interested in taking a peek at some pieces of the Time Inc. empire if it were to be bought and busted up.
In particular, Hearst may take a look at Real Simple, InStyle and Cooking Light.
Hearst’s interest allowed the three suitors who recently expressed interest — only to have their $18-a-share offer rejected — to raise their offer.
There have been high-level discussions at Hearst but no approach to Time Inc., said one knowledgeable source.
