Kelly writes, “Money magazine remains on the block, but one source close to the company said it is expected to fetch $10 million to $15 million — which is raising concern that a new owner only wants the valuable money.com URL but has less interest in regularly publishing a print magazine.
“If that happens, it means Meredith is likely to have reached what some observers thought was a very long shot when the sale started in March — fetching $500 million from the old Time Inc. properties it was divesting.
“Salesforce founder Marc Benioff and his wife, Lynne, have an agreement to buy Time magazine for $190 million.
“Fortune has a deal to be sold for $150 million to Thai businessman Chatchaval Jiaravanon, whose family controls Charoen Pokphand, one of Thailand’s largest companies. He is acquiring it as a personal investment.”
Read more here.
Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…
Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…
In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…