Details Emerge on Meredith's Time Inc. Purchase

The New York Times has shed some light on the inner workings of Meredith’s attempt to purchase most of Time Inc.’s magazines. If the deal goes through the titles, along with Meredith glossies, would go under a separate, new entity. That company would then “borrow money to pay a one-time dividend back to Time Warner, essentially turning what appears to be a corporate spinoff into a sale.” The pricetag? About $1.75 billion.