Time Inc is no longer part of Time/Warner, which runs CNN – the publishing business was spun off in 2014
Time, Inc has a market capitalization of about $1.7 billion, and the group expected to make the offer is expected to offer around $2 billion. However, sometimes these deals are the first step in a bidding war.
Update while eating dinner: it is a $2.8 billion deal that is all cash at $18.50 a share. The stock spiked up last week, so the SEC is likely to launch an investigation
Time Inc has over 100 brands, some of the larger being Sports Illustrated, Time, Fortune, People, Life, Look, and Shooting Gazette.
Meredith, the suitor, publishes Magazines That are mostly female oriented:. Family Circle, Parents, Better Homes & Gardens, Martha Stewart’s Living, She, Quilting.
In 2016, Time, Inc made $2,000 on income of $3 billion – after losing more than $880 million in 2015. The story speculates that Meredith will split off their TV properties from the print publications.