Barry Diller's IAC Pursuing $2.5B Deal For Meredith Corp., Publisher Of Magazines Like People, Better Homes & Gardens – Report - NewsBreak

InterActive Corp., the digital media company founded by Barry Diller, is in advanced discussions to acquire magazine publisher Meredith Corp. The Wall Street Journal, citing people familiar with the talks, said a deal would value Meredith at more than $2.5 billion. The Iowa-based company, which recently sold its local TV stations to Gray Television, publishes People, Better Homes & Gardens and Entertainment Weekly. Meredith closed a $1.34 billion deal for Time Inc. in 2018, but People ended up being the only tentpole brand to stay under the tent. Time, Fortune and Sports Illustrated were sold in separate transactions after Meredith determined they did not fit with its female-skewing lifestyle holdings.