Industry eyes Meredith as Time Inc. suitor
A new report that Meredith Corp. may make a bid for Time Inc. has raised share prices for both companies, and fueled more industry speculation over Time Inc.’s future, according to CNNMoney. Shares of Time and Des Moines-based Meredith went up by as much as about 1 percent on the news, even though Meredith declined to comment on any specific acquisition considerations. Meredith would be a likely suitor, CNN said, given its attempt to acquire Time Inc. before it was spun off from Time Warner in 2014.
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