Time's struggle to adapt to digital brings it near a sale (update: official)

Time Inc. hasn't had the easiest time adapting to an online world: although its brands have been pushing boundaries in digital storytelling, it has made some questionable decisions (MySpace, anyone?) and is in the midst of an overhaul that could see…
Source: Engadget | Time's struggle to adapt to digital brings it near a sale (update: official)