Meredith Corp.
IAC Hints at Upcoming Investments, Growth in Dotdash
IAC is beginning to see some benefits from its acquisition of Meredith Corp., while hinting that another investment is on the horizon. The company acquired a 12 percent stake in MGM Resorts International in August 2020, a choice which executives said was made after looking for solid businesses that could emerge from COVID-19 relatively unphased. […]
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Entertainment Weekly, InStyle to End Print Editions Following IAC Acquisition, 200 Layoffs Planned
Six magazine titles formerly owned by Meredith Corp. will end the publication of print issues, DotDash Meredith CEO Neil Vogel told staff Wednesday. Impacted titles include Entertainment Weekly, InStyle, Health, EatingWell and Parents. As part of the cuts, the company plans to eliminate 200 jobs, mostly supporting the print operations. Some of the other former […]
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IAC’s Dotdash Acquires People Magazine Publisher Meredith Corp. in $2.7B Deal
Meredith Corp., the publisher of brands like People magazine, Entertainment Weekly and InStyle, has sold to Dotdash, a digital publishing subsidiary of Barry Diller’s IAC, in a deal valued at $2.7 billion, the companies said Wednesday. The deal is expected to close Dec. 1, with the newly combined company called Dotdash Meredith and led by […]
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