Conservative billionaire brothers Charles and David Koch are kicking in $600 million for the purchase, according to the New York Times, although neither Meredith nor Time acknowledged the contribution in their press releases.
While Time Inc. kept stumbling over the years, Meredith grew from strength to strength, even buying local TV stations to help it stand strong against the assault on print media launched by fast-growing digital brands that more suitably address the needs of modern media consumption.
Meredith has had its eye on Time Inc for a while now. Time shares jumped 2% in after-hours trading Sunday, and Meredith rose 1.3%. The Meredith Corporation already owns Family Circle, AllRecipes and Better Homes and Gardens.
The magazines now published by Meredith are not highly circulated, as their current line-up includes niche publications such as Better Homes and Gardens, Every Day with Rachael Ray, and Traditional Home.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
Roy Moore thanks Trump in new fundraising appeal
Moore has been accused by several women of pursuing relationships with them when they were teenagers and he was a grown man. Last week, he told reporters on the White House lawn, "We don't need a liberal person in there, a Democrat, Jones".
Three to four cups of coffee per day slash disease risk
Drinking up to seven cups of coffee a day has been linked to cutting the chance of early death according to new research. At present, the researchers said pinning down exactly how coffee might have a positive impact on health was "difficult".
Ceryanec confirmed on the conference call that Koch Equity Development is backing the deal with a $650 million investment.
"We are creating a premier media company serving almost 200 million American consumers across industry-leading digital, television, print, video, mobile, and social platforms positioned for growth", Meredith chairman and CEO Stephen M. Lacy said in a statement.
"I am proud of our accomplishments and thank the talented teams across the company for their extraordinary work, relentless commitment, and passion". CEO and President Rich Battista said in a statement.
In May of this year, Time Inc announced plans to sell some magazines or other properties as it tried to push ahead with a digital strategy.
The Koch brothers-known for their conservative politics-will hold no editorial or management control over the publications owned by the Meredith Corporation.
Sources in the Railway Ministry hinted that assessment by officials placed the blame on rail fracture leading to the accident. In August-September alone, the frequency of derailments was one derailment every three days .
Instead, he insists that the allegations are false, and part of "a desperate political attack" on his campaign. She said there is "no plan" for Trump to go to Alabama to campaign for Moore before the December 12 election.
The 30-share BSE Sensex finished at 33,679 - a three-week high - and the Nifty closed a little short of 10,400. Among sectoral indices, BSE auto index, BSE IT index and BSE industrials index are among the top gainers.
President Donald Trump criticized CNN for spreading "fake news" and presenting the country "poorly to the world ". By undermining CNN journalists overseas , the president is directly attacking their "freedom and even safety".
Quartz found since January, Android devices have been collecting Cell ID codes and sending the information to Google. It happens even when a device has no SIM card and when Global Positioning System location services are disabled.
Three Turks and an Israeli were being treated at the Batumi University clinic, spokesman Kakha Chikhradze told Palitra News TV. Turkish Prime Minister Binali Yıldırım sent a letter of condolence to Georgian Prime Minister Kvirikashvili.
We are at a watershed moment on this issue, and no matter how great an individual's legacy, it is not a license for harassment. Currently, Conyers is the longest-serving member of the House. "They have not really come forward", Pelosi said.
EPS and OPS have merged, and won the two-leaves symbol which was frozen by the Election Commission due to their fight earlier. The date in which the notification was issued is November 21 and the last day for filing nominations is December 4.
Early Saturday, the Washington Wizards announced that John Wall underwent an MRI exam on his injured left knee. The 6-foot-4, 210-pound Wall is averaging 20.3 points and 3.4 rebounds in 16 games this season.
From denying responsibility to blatantly denying the incident, the school's response has changed since the news broke. Her mother said the boy unbuttoned her daughter's trousers , touched her bloomers and put his finger inside.
Miss South Africa crowned Miss Universe 2017
Nel-Peters slew the final question and answer portion who promoted the confidence and overcoming of fears especially for women. Demi-Leigh plans to share these workshops and help as many women as she can, according to the official Miss Universe website.
Julio Jones stuns as Falcons win over the Bucs
But the Atlanta Falcons one-upped them at Mercedes-Benz Stadium thanks to the rocket arm of Mohamed Sanu . After nearly losing the football on a fake handoff, Sanu uncorked the touchdown pass to Jones.
Tom Baker returns for surprise Doctor Who cameo
The parts not filmed in 1979 will be completed using animation and Baker's voice, but he has also filmed a live action scene. The episode was partially filmed in 1979, but an engineering strike prevented the episode from being finished.
Pakistan summons army after violent protests
In Lahore, an unruly mob torched a vehicle and damaged others with stoning and staged sit-ins at four key areas in the city. The protests spread to other cities in Pakistan , including Karachi , Lahore, Hyderabad and Faisalabad.
Ohio State Vs. Michigan Live Stream
Barrett, who fractured his right ankle against MI as a freshman, ran for a touchdown and passed for another in the first half. Haskins was off the mark with his pass on third-and-five, but a defensive hold gave the Buckeyes an automatic first down.
YouTube cracking down on child endangerment videos
A spokesperson for YouTube said: "There shouldn't be any ads running on this content and we are working urgently to fix this". It also moved to add warnings to extremist videos and prevented comments on them as a way to make the videos harder to find .
Suspect charged with stabbing death in Wheaton park
A man was beheaded and had his heart ripped out by a gang before they buried him in a park near Washington DC , police have said. Allegedly among them, Miguel "Timido" Angel Lopez-Abrego, who authorities recently arrested in North Carolina on November 11.