Meredith Corp. said today it has acquired Parenting and Babytalk magazines and their digital assets from The Bonnier Corp. at an undisclosed price.

Readers of Parenting will receive Meredith's Parents magazine beginning with the September issue. Readers of Babytalk will receive Meredith's American Baby magazine beginning with the September issue. The companion digital site -
www.Parenting.com - will operate as a part of the Parents network of digital media.

The acquisitions will not have a material effect on Meredith's financial performance, according to a news release.