NEW YORK ( The Deal) -- Just how eager is Meredith (MDP - Get Report) to pounce on Time Inc.? The question raised itself Monday with the designation of Joseph A. Ripp as Time CEO, the world's largest magazine operation which is slated to get spun from Time Warner (TWX) by the end of the year.The smart money has had Time Inc.'s top job going to Michael Klingensmith, who like Ripp is an alum of the organization, ever since parent company Time Warner Chief Executive Jeff Bewkes announced a magazine divestiture four months ago.
The Deal: New Time CEO Must Act Quickly
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