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Time Inc. Acquisition Update

Time Inc. Acquisition Update
February 12, 2018 betterhomes
As was previously announced, our licensing partner, Meredith Corporation, announced its intention to acquire Time Inc.  I am pleased to share that the transaction closed on Wednesday evening.  You can read the press release here.
This exciting announcement will bring many benefits to Meredith Corporation, including:
  • Creates an unparalleled portfolio of national media brands with greater scale and efficiency
  • Continues the strong and growing contribution from Meredith’s Local Media Group
  • Advances Meredith’s digital position by adding significant scale
  • Provides consumer revenue diversification and growth
  • Enhances financial strength and flexibility

As Meredith Corporation’s real estate licensing partner, we will also benefit from the unprecedented scale and reach made possible by this acquisition. We look forward to working closely with our partners at Meredith Corporation on this effort as it pertains to our relationship, and will share related news over the coming months.

Thank you,