Meredith Corporation, owner of WFSB in Connecticut, is about to close a deal to buy Time, Inc.
Time publishes Time magazine and Sports Illustrated among others. The deal is worth $1.8 billion. Rumors of a Meredith purchase of Time, Inc. first appeared about this time last year, according to The Laurel’s extensive archives.
The deal plays an interesting role in the history of WFSB which was once owned by Post-Newsweek.
