Meredith Corp. agreed to acquire Time Inc. for $2.8 billion including debt, swallowing the once-mighty home of Fortune and Sports Illustrated after the internet age wreaked havoc on even the most prestigious magazine titles.

The $18.50-a-share offer is an all-cash one, Meredith said in a statement Sunday. The deal gives Meredith, publisher of Better Homes & Gardens, a larger audience at a time when publishers need to get bigger to compete with Facebook and Google in advertising.

The acquisition also gives the billionaire Koch brothers, who agreed to support Meredith’s offer with an equity injection of $650 million, a foothold in the struggling magazine industry.

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Police say officers have been stood down after responding to reports of shots being fired on Oxford Street in central London.

 

Lawyers for Michael Flynn, President Donald Trump’s former national security adviser, have told Trump’s legal team they can no longer discuss the probe by a special counsel, indicating Flynn may be cooperating with the investigation, the New York Times reported on Thursday.

Flynn’s lawyer and a spokesman for Special Counsel Robert Mueller did not immediately respond to a Reuters request for comment on the Thanksgiving holiday. A representative for Trump’s legal team could not immediately be reached for comment.

A federal judge on Wednesday overturned Texas’ ban of a common second trimester abortion procedure, setting back the state's latest effort to limit abortion.

U.S. District Court Judge Lee Yeakel said that the ban on “dilation and evacuation” abortions, approved by the Texas Legislature in May, would force women seeking second trimester abortions to resort to riskier, invasive alternatives.

The communications director for U.S. Senate candidate Roy Moore has resigned amid the Alabama Republican’s efforts to combat allegations of sexual misconduct that have roiled his campaign.

News of the departure of John Rogers came a day after U.S. President Donald Trump defended Moore from accusations by multiple women that Moore pursued them as teenagers when he was in his 30s, including one who has said he initiated a sexual encounter with her when she was 14.

A federal judge in Maryland has temporarily blocked all of President Trump's would-be ban on transgender Americans serving in the U.S. armed forces or receiving transition-related health care through the military.

The decision comes just weeks after another federal judge, based in Washington, D.C., blocked most of the policy change.

Last year, after extended study of the issue, the military announced that trans service members could sign up for the military, serve openly and receive medical care related to their transition. This summer, Trump announced on Twitter that the policy would be reversed, which was followed by an official memo.

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Eight people were rescued and three remained missing after a U.S. Navy plane crashed into the western Pacific Ocean on Wednesday, the Navy said.

The C-2 "Greyhound" transport aircraft came down about 500 nautical miles (925 kilometers) southeast of Okinawa as it was bringing passengers and cargo from Japan to the USS Ronald Reagan aircraft carrier, the Navy said in a statement.

President Donald Trump’s near-endorsement of Alabama Republican Roy Moore followed days of behind-the-scenes talks in which he vented about Moore’s accusers and expressed skepticism about their accounts.

During animated conversations with senior Republicans and White House aides, the president said he doubted the stories presented by Moore’s accusers and questioned why they were emerging now, just weeks before the election, according to two White House advisers and two other people familiar with the talks.