Dool writes, “A source with knowledge of the situation tells Folio: that Bloomberg is not interested in making an offer for the 88 year-old business magazine, and no such deal is imminent.
“Fortune is one of four magazines being shopped around by Meredith following the completion of its $2.8 billion takeover of Time Inc. at the end of January (Time, Sports Illustrated, and Money are the other three).
“Reps for both Bloomberg and Meredith declined to comment on this story.
“Meredith — the Des Moines, Iowa-based publisher of titles like Better Homes & Gardens and Martha Stewart Living — announced that it had completed a sale of Time Inc.’s former UK division on Monday, and on Wednesday announced plans to lay off 1,200 employees over the next 10 months in an effort to reduce annual costs by $400 to $500 million.”
Read more here.
Wired is looking for an experienced, creative, relentless newsroom leader to oversee audience development and…
Tech news site The Information has hired Miles Kruppa to cover artificial intelligence and the money flowing…
Wired executive editor Brian Barrett shared the following announcement on Monday: Hi all, I'm thrilled…
Bloomberg has issued a travel warning to its staff, reports Semafor's Maxwell Tani. Tani reports,…
Andrew Freedman has been hired by CNN Climate & Weather as a senior reporter. Previously,…
Business Insider is seeking an Editor in our UK newsroom to lead our weekend team…
![](data:image/svg+xml;charset=utf-8,<svg height="300px" width="230px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="29px" width="180px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="75px" width="75px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)