Meredith Sells Time Inc. U.K. 2

GLOBAL–Publishing company Meredith Corporation has entered into a binding agreement with U.K. private equity firm Epiris to sell Time Inc. U.K.

April 6, 2018

Meredith Sells Time Inc. U.K. 2

A U.K. private equity firm will absorb the company’s portfolio including

Marie Claire U.K.,  Country Life

and

Wallpaper

.

GLOBAL–Publishing company Meredith Corporation has entered into a binding agreement with U.K. private equity firm Epiris to sell Time Inc. U.K.

In January, Meredith acquired Time Inc. U.K. as a part of the larger Time Inc. acquisition. Time Inc. had been in the process of selling its U.K. arm prior to the acquisition.

With a heritage of more than 165 years, Time Inc. U.K.’s portfolio includes

Marie Claire U.K.

Country Life

,

What's on TV

,

Woman's Weekly

and

Wallpaper

, which operate across print, online, mobile, TV and experiences.

The transaction is expected to close at the end of the first quarter. Financial details were not disclosed.

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