Koch Brothers-Backed Meredith Corp. To Buy Time Inc.
Meredith Corp., backed by the financial power of the Koch brothers, has agreed to purchase Time, Inc. for $2.8 billion, including debt. The once-mighty Time, publishers of Fortune, Sports Illustrated, People, and (of course) Time Magazine, has fallen into financial difficulty in the internet age. Meredith, which primarily targets women, is best known for publishing […]
7y ago