Meredith bets on magazine industry with $1.85 billion Time purchase
November 26, 2017 at 19:35 PM EST
Meredith Corp., the publisher of Better Homes & Gardens and Allrecipes, has struck a deal to buy magazine publisher Time Inc. for $1.85 billion, a significant bet on the future of the magazine industry as media companies try to find their footing in an increasingly digital world.