Meredith to Acquire G + J For $350 Million

After overpaying for Fast Company, becoming embroiled in Rosie O'Donnell's freaked out life and getting caught inflation its circulation figured for Rosie and YM, G + J has thrown in the towel and is selling itself to Meredith Corporation. Meredith, who will become the country's second largest publisher behind Time Inc. after the acquisition, will get G + J's Parents, Child, Fitness and Family Circle. G + J will try to sell Fast Company and and Inc. on its own before June 30, the date the Meredith/G + J deal finalizes.

Orchestrating the deal was G + J's Russell Denson who is said to be the master of prepping publishing companies for sale.