Feb 9, 2017

Time Inc. suitors keep to themselves

(AP Photo/Mark Lennihan)

There's a theory floating around Time Inc. that the magazine publisher's two known suitors ― Meredith Corp. and a group led by Edgar Bronfman Jr. ― may team up, with Meredith carving out the lifestyle-type titles and Bronfman retaining the newsier pubs. But a source familiar with the situation tells Axios that there have been no such conversations between the two parties.

Price talk: The market isn't really getting ahead of this one: Shares jumped from $13.80 after a late November report that Bronfman had bid $18 per share (which was rejected by Time Inc.'s board), but never climbed above $19.25 per share (Feb. 3). They closed trading today at $18.80 a piece ― suggesting that shareholders aren't expecting either Bronfman (nor Meredith) to go much higher than that original offer.

Timing: Both Meredith and Bronfman Jr. have signed nondisclosure agreements in order to view nonpublic information and meet with Time Inc. execs, but there does not seem to be a formal timetable for bids. Or, in the source's words, it's "flexible."

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Mark Meadows considers new White House press secretary

Photos: Alyssa Farah, Defense Department; Stephanie Grisham, Alex Wong/Getty Images; Kayleigh McEnany, Scott W. Grau/Icon Sportswire via Getty Images

White House chief of staff Mark Meadows has privately discussed bringing on Pentagon spokeswoman Alyssa Farah or Trump campaign spokeswoman Kayleigh McEnany as a new White House press secretary, two sources familiar with the talks tell Axios.

Why it matters: Meadows' start on Tuesday as Trump's new chief — and televised coronavirus briefings that feature President Trump himself — present a chance to overhaul a press shop that's kept a low profile since President Trump ended the tradition of daily press secretary briefings.

CNN: Fauci advises all states issue stay-at-home orders

Dr. Anthony Fauci listens to President Trump speak during a briefing on April 1. Photo: Win McNamee/Getty Images

Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci recommended on Thursday that all states across the U.S. implement stay-at-home orders, at a CNN town hall.

Why it matters: The recommendation stands in contrast to President Trump's calls for "flexibility." Nearly 4o states have issued stay-at-home orders to promote social distancing as a way to combat the novel coronavirus — but the orders vary in strictness and duration.