The publisher of some of Britain’s best-known magazine titles, including Country Life, Marie Claire and NME, is in talks to sell the business to a former owner of the media-buying group Aegis.
Sky News has learnt that Epiris, a private equity firm, is in discussions with advisers to Time Inc, the US-based media company, about a takeover of its British magazines arm.
The discussions are understood to have been underway since before Time announced last week that it was exploring options for the unit. Media industry sources said that the headline value of a deal for the British operations, which were previously called IPC Media, was likely to be in the region of £200m.
For the full story read Sky News