Romenesko

Women's Wear Daily
Many believe Norman Pearlstine, an adviser at private equity firm Carlyle Group, is looking to buy Time Inc., where he served as editor-in-chief. He tells Jacob Bernstein: "Everything I hear from Time Warner is that Time Inc. is not for sale. I have not spent a minute thinking about Time Inc. since I've been here." What's Pearlstine doing at Carlyle? "I work with the U.S. buyout fund evaluating potential transactions. I spent several months looking at the Tribune Co., other things as well, some of which I obviously can't talk about."