Meredith gave up on both keeping the entire Time portfolio and an effort to create scale online as a means to sell advertising and subscriptions. It will lay off 1,000 people, on top of 200 it already has fired. It will also sell Time, Fortune, Money and Sports Illustrated to buyers who may or may not keep the size or editorial integrity of the properties intact.
https://247wallst.com/media/2018/03/22/meredith-finally-kills-off-time/