Meredith Buying Time Inc. for About $1.8 Billion
By Sara Shaw • November 29, 2017
Media giant, Meredith Corp., announced that they are purchasing Time Inc., for $1.8 billion. Meredith owns magazines like Better Homes & Gardens and Shape while the Time Inc. portfolio includes big magazines like, Time, Sports Illustrated and Entertainment Weekly. Joining these two magazine giants could mean a lot for the industry as things continue to shift to digital.