Meredith Corp.'s merger talks with Time Inc. fell apart just two months ago, but now Meredith CEO Stephen Lacy can partly save face. Today, the publisher announced it would buy Bonnier’s Parenting and Babytalk magazines and their related digital assets.
Bonnier Corp. is taking another whack at its portfolio again, selling its Mountain Group to enthusiast publisher Active Interest Media. CEO Dave Freygang said that selling the group, consisting of snow sport titles Ski and Skiing and Warren Miller Entertainment, would let Bonnier focus on its businesses in California, New York and Florida.
Dave Freygang hasn't wasted time in taking a hard look at Bonnier Corp.'s financials since becoming its new CEO last month.