Could Times Warner consider selling Time magazine?

To use British newsroom jargon, this may be a flyer, but I'm running it up the flagpole all the same. According to Daniel Gross, it's possible that Time Warner might consider selling off Time magazine. He writes: "While I can't claim inside knowledge, there are signs that the empire founded by Henry Luce - which began in 1923 as just a single magazine, Time - isn't exactly pinning its future on the periodicals business." He points to strategic investments in several of the company's divisions, but not in publishing, noting that its magazine business accounts for less than 13% of revenues, and that in the first half of 2006, magazine revenues fell about 1.3% while operating income fell 9.6%. There's much more to his argument than this. (Via Slate.com)