• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Business / Meredith completes acquisition of Time Incorporated

Meredith completes acquisition of Time Incorporated

February 1, 2018 By Radio Iowa Contributor

Des Moines-based media giant Meredith Corporation has completed its purchase of Time Incorporated. The deal was announced in November and is valued at $2.8 billion.

Today is the first day of operation for the combined company. During a conference call, Meredith chairman and CEO Steve Lacy explained some of the thinking that went into the decision to buy the major national magazine publisher.

“In combining these companies, we’ve created a diversified, multi-platform media company with significant scale,” Lacy says. “Scale is exceptionally important in today’s evolving media landscape.” Such magazines as Time, People and Sports Illustrated now join the stable of Meredith publications that include Better Homes and Gardens, Midwest Living and Family Circle. Lacy says the deal makes his company a leader in entertainment, food, lifestyle, news and sports.

“We are without a doubt the number-one U.S. magazine operator reaching 115-million women each and every month and the owner of five of the industry’s top brands,” he says. The combined Meredith brands will now reach some 200-million consumers.

(Thanks to Rob Dillard, Iowa Public Radio)

Share this:

  • Facebook
  • Twitter

Filed Under: Business, News

Featured Stories

Speakers at trooper’s funeral describe Sgt. Smith as selfless, man of faith

Iowa unlikely to join 26 states with hands-free driving laws

Reynolds says Johnson & Johnson vaccine pause manageable

Iowa State Patrol tactical team leader killed in Grundy Center stand-off

Finalists chosen for the state’s top burger

TwitterFacebook
Tweets by RadioIowa

High school sports and activities to pause for one week in July

Hawkeyes add post player

UNI’s Warren agrees to contract extension

Iowa State signs Kansas transfer

Drake elevates Pohlman to head women’s basketball coach

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 · Learfield News & Ag, LLC