NYPost — More than 150 potential buyers are circling some or
all of the four magazines that Meredith is selling off — Time, Sports Illustrated, Fortune and Money.
“The deadline is May 11 for first-round bids,”
according to Meredith CEO Tom Harty. He made his
comments exclusively to Media Ink following the
company's first-ever appearance Thursday
morning at the New Front presentations to digital
Harty said interest is coming from a wide variety of
sources including tech companies, digital and venture
funds and wealthy individuals.
Meredith had picked up the titles as part of its $2.8 billion acquisition of Time Inc. in January. In March, Meredith said it planned to divest the four within 60 to
120 days... → Full Article