Meredith reportedly selling Time, Fortune, Sports Illustrated
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Magazine publisher Meredith Corp. has hired bankers to sell several of the titles it recently acquired from Time Inc., according to Reuters.
On the block: Time, Fortune, Money and Sports Illustrated.
Bottom line: This isn't much of a surprise, since Meredith has always focused more on lifestyle content than on news. The bigger question is if Meredith can find a willing buyer, particularly for the entire portfolio.