Meredith Expects Digital Milestone, More Mag Acquisitions

Financial Times: Meredith expects digital ad sales to grow faster than print revenue declines for the first time next year, as it predicts that its online audience will reach 100 million a month. CEO Steve Lacy predicts that Meredith’s online audience will expand through acquisitions of titles that will bring substantial web traffic. The publisher of Better Homes and Gardens and other magazines would be a potential buyer for the right print titles, Lacy said.