Hello, everyone, and welcome to Naked News! One of the US's most iconic magazine publishers - we're talking Time magazine, Forbes, People and Sports Illustrated - just got sold! Eila's in the newsroom with the details. This is a pretty big deal isn't it? It is actually! Some of the most popular magazines in the US are involved and the fact that it was sold doesn't bode well for the industry. Like many others, I'm assuming falling advertising revenue was behind the decision?