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Meredith Corp to buy Time Inc. for $2.8 billion

Meredith Corp to buy Time Inc. for $2.8 billion

November 27, 2017

Time Inc. is selling for $2.8 billion to media conglomerate Meredith Corporation, backed by the billionaire Koch brothers known for supporting conservative causes, in an unlikely ending to a saga over the future of CNN's parent company.

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