Despite all the chatter about a merger, there are now reports that execs from Time Inc. and Meredith haven’t been able to come anywhere close to an agreement. In fact, there are no face-to-face meetings between the two sides planned for this week. One big problem is that Time Inc. and Meredith can’t decide what to do with Time, Fortune, Money and Sports Illustrated.
Barry Lucas, an analyst at Gabelli & Company, told the New York Post that as more problems arise, the more he doubts a deal will happen. “There are a lot of things that work against a deal and the bigger the deal, the harder it is to get done,” he explained.
Lucas was being vague about the “things that work against a deal,” and sure, those four titles might be an issue, but let’s be honest, we know what’s happening here.