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.
The U.S. ambassador to the United Nations has lambasted Russia over its continued detention of…
Wall Street Journal editor in chief Emma Tucker sent out the following on Thursday: Today we announced…
Clare Malone of The New York writes about Hunterbrook, which is using reporting from journalists to…
The Hollywood Reporter awards editor Tyler Coates is leaving the news organization. His last day will be…
Laura Purkess has been promoted to consumer features editor at The Sun. She will maintain…
Pat Ferrier, senior business reporter at the Coloradoan in Fort Collins, is retiring after 23…