A merger between the two media companies sent both stocks surging.
News & Analysis: Time
The $2.8 billion all-cash bid that got accepted this week was the buyer's third run at the target.
On a mixed day for the indexes, Meredith announced it is acquiring Time, and Barracuda Networks is being bought by a private equity firm.
The publisher's rumored acquisition was just officially announced.
Third time's the charm?
The magazine company has plenty of well-regarded publications. But its name and identity appeal to its past audience, not the one it hopes to gain.
The publisher dashed investors' hopes that it would be acquired.
Today's slide in share price adds to the pain investors have felt over the past month as digital ad revenue increases failed to offset the company's larger revenue problems.
These stocks led the market lower. Find out why.
The publisher's stock is down, but don't count this company out in the long run.