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)