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Time Inc., Meredith Corp. stocks jump amid merger speculation

The shares of both Time Inc. and Meredith Corp. touched 52-week highs on Wednesday after a top Meredith executive said he would, in certain circumstance, be interested in opportunities for his TV or magazines assets.

“[I]f there was a deal for scale,” Meredith would be interested, Chief Financial Officer Joe Ceryanec said at a Citi media conference in Las Vegas on Wednesday morning, sparking a new round of speculation that the two publishers would be involved in some sort of deal.

“Now, obviously we’re interested in expanding across all our platforms, whether it is the
magazine/digital in the national media group or whether it’s on the local broadcast [TV stations],” Ceryanec said.

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