Complex sentence: The flagship of Fawcett magazines was "Mechanix Illustrated", which was retitled "Home Mechanix" in 1984 and became Time Inc. 's "Today's Homeowner" in 1993.
Split into simpler sentences: The flagship of Fawcett magazines was "Mechanix Illustrated". Acquired by Time Inc., it was retitled yet again to become "Today's Homeowner" in 1993.