Meredith Buying Time in $2.8 Billion Deal
Meredith agreed to buy Time Inc. in a $2.8 billion deal expected to close in Q1, with $650 million in funding from Koch Equity Development, Meredith announced Sunday. The takeover "accelerates Meredith's digital position," Meredith noted, saying its TV stations…
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see a "strong political advertising year in fiscal 2019."