03/18/2010 05:12 am ET Updated May 25, 2011

Time Inc. Unites Conde Nast, Hearst To Tackle Digital Media In New Company

Some of the magazine industry's biggest names are on the verge of forming a new company that would allow them to take the digital future into their own hands.

The company would make up one of the biggest alliances among rival publishers ever formed in print media, with Time Inc., Condé Nast and Hearst all expected to join, houses that together publish more than 50 magazines, including The New Yorker, Vanity Fair, Vogue, Time, People, Sports Illustrated, Esquire and O, The Oprah Magazine.

Read more on The New York Observer