, Columnist
Meredith Is Right on Time
A merger of equals makes financial sense, but other suitors are lurking.
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American manufacturing is going to be great, oil is on an upswing and a bidding war might be forming for a stack of magazines. Are we sure it's 2017?
Time Inc., the publisher under pressure to sell itself, has been contacted by Meredith Corp. about a potential merger, Bloomberg's Alex Sherman reported Thursday, adding that other possible suitors have also been in touch with the company. This is after Time rebuffed a takeover offer for about $2 billion from two media investors in October. At the time, I said it was shaping up to be a "take-the-money-and-run" situation. That's even more true now.