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Cendant elevated its involvement in the timeshare business by buying Fairfield Communities in 2001 and Trendwest Resorts in 2002. In 2005, Cendant purchased the Wyndham resort model from the Blackstone Group. And as we talked about on the last call, we acquired $4 million to $5 million in EBITDA, however we are investing within the business this yr versus creating the packages, creating relationships with the providers of the fulfillment or excursions and issues like that. So once we think about the travel and leisure group this yr, I wouldn’t anticipate the EBITDA contribution to be anything materials.

Meredith will continue to produce and monetize the media assets beneath a renewable 30-yr, royalty-free lease and will handle promoting and advertising, produce its associated print magazine and function its website, podcasts and social media channels. Timeshare firm Wyndham Destinations, which spun off from Wyndham Hotels and Resorts in 2018, has acquired …