Times Mirror to Sell StayWell Subsidiary
A Times staff writer
Times Mirror Co., parent of the Los Angeles Times, has agreed to sell its StayWell Co. subsidiary to Havas MediMedia for undisclosed terms. StayWell, based in San Bruno, sells products and services related to health information and is the exclusive publisher of education and training materials to the American Red Cross. Havas, a unit of French conglomerate Vivendi, is a health-care information provider. Times Mirror shares fell 88 cents to close at $51 on the NYSE.
