Meredith (MDP) is reportedly the potential acquirer of the bulk of Time Warner's (TWX) 21 magazine titles, including People and Entertainment Weekly. Alternatively, because Meredith couldn't afford a speculated price of $2.4-2.9B for Time Inc., the publications of both would be placed in a new company in which Time Warner shareholders would own 2/3 and Meredith investors the rest. (previous)
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