U.S.mediacompanyMeredithCorpsaidonSundayitwillbuyTimeInc,thepublisherofPeople,SportsIllustratedandFortunemagazines,ina$1.84billionall-cashdealbackedbyconservati
USmagazinepublisherTimeInc.willbeboughtbyrivalmediacompanyMeredithCorporationfor$2.8bn(£2.1bn).ThedealisbackedbythebillionairebrothersCharlesandDavidKoch,whoare
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