Meredith approaches Time Inc over potential merger: Bloomberg

Shares of Time Inc, which has a market value of about $1.80 billion, was up 4.02 percent at $19.20, while Meredith's stock was down 1.6 percent at $58.95 in afternoon trading on Thursday. In 2013, Time Warner Inc, which then owned the Time magazine division, held talks to sell the majority of the magazine to Meredith, Reuters reported, citing a source familiar with the situation. Meredith did not immediately respond to request for comment, while Time Inc declined to comment.