On PR Newswire: Meredith Corp. Acquires Time Inc., Dictionary.com Names Word of the Year, Plus Top Baby Names, Cars, and More
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire for Journalists. Here are some of this week’s most newsworthy releases you might have missed.
Meredith Corp. to Acquire Time Inc. to Create Premier Media and Marketing Company Serving Nearly 200 Million American Consumers
Meredith Corp. announced on Nov. 26 that it has entered a binding agreement to acquire all outstanding shares of Time Inc. for $18.50 per share in an all-cash transaction valued at $2.8 billion. The transaction has been unanimously approved by the boards of directors of Meredith and Time Inc., and is expected to close during the first quarter of calendar 2018.
Cyber Monday Sees $3.4 Billion in Desktop Online Sales to Rank as Top U.S. Online Spending Day in History
comScore reported on Nov. 29 holiday season U.S. retail e-commerce spending from desktop computers for Cyber Monday 2017 and the holiday weekend following Thanksgiving. Cyber Monday reached $3.36 billion in desktop online spending, up 26% versus a year ago, representing the heaviest online spending day in history and the first day to ever surpass $3 billion in desktop sales. The weekend after Thanksgiving also proved to be strong, as it marked the third straight year in which both Saturday and Sunday individually had billion-dollar online shopping days, combining for $2.92 billion for a year-over-year increase of 17%. For the five-day period from Thanksgiving through Cyber Monday, online buying from desktop computers totaled $10.21 billion, up 21% versus last year.
BabyCenter, the #1 pregnancy and parenting web and mobile destination, released on Nov. 29 its much-anticipated Top 100 Names of 2017. Sophia reigns as the top girls’ name for the eighth year running, and Jackson leads the boys for the fifth year in a row.
Dictionary.com on Nov. 27 announced it has named ‘complicit’ as 2017’s Word of the Year. Defined as “choosing to be involved in an illegal or questionable act, especially with others,” the word is indicative of larger trends that resonated throughout the year, hitting every aspect of today’s culture from politics and news, to environmental issues, business, tech, and more.
Motor Trend on Nov. 28 announced the Motor Trend award winners of the “Golden Calipers” for Car of the Year, Truck of the Year, SUV of the Year, and Person of the Year. One of the most prestigious and sought-after honors by automotive manufacturers worldwide, the award winners were announced during a red carpet ceremony at a gala event featuring an audience of industry insiders and celebrity guests at the Petersen Automotive Museum in Los Angeles.
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Larry Grady is online content manager at PR Newswire for Journalists. He has worked in business media for nearly 30 years and enjoys reality TV and daydreaming about travel and wine.