Meredith Corp. Buys G+J USA for $350 Mil.

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NEW YORK Meredith Corp. has acquired G+J USA Publishing for $350 million. The sale makes Meredith the country’s second-largest publisher, in terms of circulation, behind Time Inc., according to data from the Audit Bureau of Circulations and BPA Worldwide.

Parents, Child, Fitness and Family Circle move to Meredith in the deal, with a close date of June 30. Also, as part of the transaction, G+J will have until June 30 to sell the assets of its business titles Inc.

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