The moves are part of an integration process that Meredith expects will yield $400 million to $500 million in cost savings over the next two years. Separately, Meredith said it is exploring the possible sale of Time Inc. titles including the flagship Time, Sports Illustrated, Fortune and Money. Mr. Harty said Meredith has now completed a reorganization of its ad-sales operations and the details will be released on March 28. Mr. Harty, who confirmed the meeting, said the publication wouldn’t be sold to Mr. Pecker and that the Kochs had not expressed any interest. A spokesman for Mr. Pecker declined to comment.

Source: Wall Street Journal March 21, 2018 22:06 UTC