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News Breaks
June 13, 2014
06:12 EDTTIME, MDPTime Inc. initiated with a Buy at Citigroup
Citigroup expects the magazine industry to undergo a consolidation period with Meredith (MDP) acquiring Time Inc. (TIME) in Q4 of 2015. The firm initiated shares of Time with a Buy rating and $28 price target.
News For TIME;MDP From The Last 14 Days
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May 26, 2015
11:42 EDTTIMETime Inc. acquires FanSided, terms not disclosed
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May 15, 2015
16:51 EDTTIMEGreenlight Capital gives quarterly update on stakes
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May 14, 2015
10:50 EDTMDPMeredith to comment on strategic priorities at Jefferies TMT Conference
Strategic priorities include: Growing non-political advertising revenue in Local Media, increasing retransmission revenue and contribution, enhancing digital and mobile platforms. In National Media, priorities include evolving and strengthening advertising activities, aggressively expanding digital-related business, growing revenue from individual consumer. For Corporate, priorities include consolidating respective industries, increasing cash returned to shareholders. Comments from slides that will be presented at the Jefferies 2015 TMT Conference.

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