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Meredith Finds New Owner for Fortune Magazine

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Days after finalizing the sale of Time magazine, Meredith announced today that it intends to sell another Fortune magazine and its assets, which came with its Time Inc. acquisition. The $150 million cash sale, if approved, will go to a holding company wholly owned by Chatchaval Jiaravanon, a Thai businessman. Meredith expects the sale to...

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