Meredith Corp., which acquired Time Inc. four months ago for $1.84 billion, is exploring the sale of several magazine brands including Time, Sports Illustrated, Fortune and Money.

The publisher, which also owns Better Homes & Gardens, on Wednesday additionally said it had eliminated 200 jobs. Another 1,000 jobs are expected to be eliminated in the next 10 months, all part of an anticipated $400 million to $500 million in cost synergies in the Time Inc. acquisition, the company said. READ MORE