Meredith Corporation Reaches Agreement To Sell Time Inc. UK To Epiris

Meredith Corporation (NYSE: MDP; meredith.com) today announced that it has entered into a binding agreement with Epiris Fund II, advised by Epiris LLP (a UK private equity firm), to sell Time Inc. UK.  Formerly owned by Time Inc., Time Inc. UK was acquired by Meredith on January 31, 2018, as part of its acquisition of Time Inc., which had been in the process of selling Time Inc. UK.

Time Inc. UK is one of the UK’s leading media companies, creating quality content that entertains millions of UK consumers every day. With a heritage spanning 165 years, its portfolio encompasses more than 50 well-known brands, including Country Life, What’s on TV, Woman’s Weekly and Wallpaper*, and operates across multiple platforms – print, online, mobile, TV and experiences.

The transaction is expected to close by the end of the first quarter of calendar 2018. Meredith is being advised by Barou Advisers and Herbert Smith Freehills LLP.
https://ir.meredith.com/news-releases/press-release-details/2018/Meredith-Corporation-Reaches-Agreement-To-Sell-Time-Inc-UK-To-Epiris/default.aspx

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