150 possible buyers for Meredith's magazines..

Posted by SB

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 advertisers..
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

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