Time Inc in talks to buy American Express magazines: report
(Reuters) - Time Inc, the magazine publisher that is preparing to spin out from its parent company Time Warner Inc, is in talks to acquire American Express' titles such as Food & Wine, according to a report in the New York Times.
Time Inc publishes People and Sports Illustrated and has worked with American Express in a management agreement on back office functions like circulation for 20 years.
A spokeswoman for Time Inc declined to comment.
American Express magazines also include Travel & Leisure and the luxury title for its card holders, Departures.
(Reporting by Jennifer Saba in New York; Editing by Carol Bishopric)
SAN FRANCISCO - At Pinterest, the four-year-old online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female. But the company's board of directors is 100 percent male. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.