Time Warner said to be selling 18 of its magazines to Meredith Corporation

Time Warner Inc., which encompasses a huge empire of film, television and print, is considering selling most of its magazines to Meredith Corporation, the publisher of Better Homes and Gardens, according to a story published by Bloomberg.com. Some well-known Time Warner titles are not included but the majority are.

Under the terms being discussed, Meredith would acquire all but three of Time