Time Warner in talks with Meredith Corporation over joint venture
Meredith Corporation, whose publishing arm owns lifestyle magazines like Better Homes and Gardens and Fitness, is currently in talks with Time Warner over the procurement of several of its magazine titles, including Real Simple, People and Style Magazines.
Although Reuters earlier reported that the deal might take place in the form of a sale, with Meredith buying a substantial number of titles from Time Warner, The Times' DealBook blog points out that Time Warner's publishing arm is currently valued at around twice that of Meredith's, rendering that scenario unlikely. Instead, according to DealBook, the two media monoliths may be considering a joint venture. The Times explains: