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Monday
Nov272017

Golf Magazine Not Part Of Time Inc. Sale To Meredith

From Kara Bloomgarden-Smoke and Evan Clark's WWD story on The Meredith Corporation's purchase of Time Inc.:

“Time has publicly reported that they have some assets that are currently for sale, the Time U.K., Golf magazine, Sunset and Essence. And we’re going to allow Time Inc. during this — before the close period — to go for it and consummate those transactions, and we think that they’ll have those done by the end of the calendar year,” Meredith’s chief operating officer Thomas Harty said.

The all-cash transaction was announced Sunday and features financing by the private equity arm of golfers Charles and David Koch, but appears to not be on the radar of the new owners or their partners.

I've asked for confirmation of the status of the Golf sale but a Time Inc. spokesman has ignored two requests for comment.

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