Earlier today Murdoch activated his Decepticon control agent Carly Fiorina to appear on Fox News Sunday, utilize a familiar passive-aggressive technique, and help shape the official Wall Street/K-Street sexism narrative via Chris Wallace. You can watch HERE.
NEW YORK (AP) — Meredith Corp. announced Sunday that it is buying Time Inc. for about $1.8 billion, a deal CEO Stephen Lacy called “a transformative and financially compelling growth opportunity” that joins two giant magazine companies.
Meredith brings with it a magazine portfolio that includes Better Homes & Gardens, Family Circle, allrecipes and Shape, while Time Inc. owns properties including Time, Sports Illustrated, People, Fortune and Entertainment Weekly.
The companies said the deal was unanimously approved by their boards of directors and will close early next year. (read more)