Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Article excerpt

PNC to buy New York health care advisory firm

PNC Bank has a definitive agreement to acquire The Trout Group, a New York City investor relations and advisory firm serving the health care industry. Terms were not disclosed. The Pittsburgh bank said the acquisition furthers its strategy of growing its communications and advisory practice. Trout's operations will be combined with those of Solebury Communications, a PNC subsidiary that provides investor relations and strategic communications services. The acquisition is expected to be completed by the end of December.

Meredith to buy Time Inc. with Koch brothers backing

Meredith Corp. agreed to acquire Time Inc. for about $1.8 billion in cash, swallowing the once-mighty home of Fortune and Sports Illustrated after the internet age wreaked havoc on even the most prestigious magazine titles. …

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