Media Life: When Media General bought Meredith in a surprise deal worth $2.4 billion, the big question was what it would do with the magazines, which include Better Homes and Gardens, Family Circle and Parents. Turns out, most media people think the new parent will dump the magazines. The most likely buyer, they believe: Hearst or Time Inc. “Media General is a TV focused company, and Meredith has openly talked about potentially spinning off its magazine properties.”