Meredith, the publisher behind Southern Living, Better Homes & Gardens, People, SI, Real Simple, and a host of other lifestyle magazines, has purchased Time, Inc. for a few Manhattan dinners shy of $3 billion. The NY Times has an oral history, and I think we might have had an awful time working there, not that I would have ever been hired to begin with. (via Prufrock News)

Albert Kim: “It was very clear that the internet was going to be a huge part of the future of media. But for most of the time I was there, people treated it as a nuisance. It was a problem to be solved, not an opportunity.”

Bethany McLean: “I remember sitting next to Jeff Bewkes, the CEO of Time Warner, at an internal Time Inc. event that was celebrating journalists. And he asked what I had done before Fortune, and I said, ‘Oh, I worked at Goldman.’ And he looked at me like, why would I leave that to do this? And I thought, Uh-oh, it’s over.”