Barry Diller’s IAC Pursuing $2.5B Deal For Meredith Corp., Publisher Of Magazines Like People, Better Homes & Gardens – Report

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InterActive Corp., the digital media company founded by Barry Diller, is in advanced discussions to acquire magazine publisher Meredith Corp. The Wall Street Journal, citing people familiar with th…

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were sold in separate transactions after Meredith determined they did not fit with its female-skewing lifestyle holdings.

The sale of Time Inc. punctuated the end of a long run of independence for Time Warner, which merged in 2018 with AT&T after a pitched antitrust battle with the government.has a number of digital outlets like Brides and Serious Eats, but a Meredith deal would onboard dozens more. Some publishers have made a go of print but are turning ever more toward digital, especially given the go-go climate for digital advertising. noted.

An IAC spokesperson said that the company “does not comment on rumors or speculation.” A spokesperson for Meredith Corp. also declined comment.

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