Time Inc. Sells Itself to Meredith Corp., Backed by Koch Brothers

brianlux
brianlux Moving through All Kinds of Terrain. Posts: 43,669
in A Moving Train
Now why do you suppose Koch bros. would want to do that?

https://www.nytimes.com/2017/11/26/business/dealbook/time-inc-meredith-corporation-koch-brothers.html

A long chapter in media history came to an unlikely close on Sunday night with a sale agreement for Time Inc., the publisher of once-prestigious magazine titles including Time, Sports Illustrated and People.

The Meredith Corporation — the owner of Family Circle, Better Homes and Gardens and AllRecipes — agreed to purchase Time Inc. in an all-cash transaction valued at nearly $3 billion. The deal was made possible, in part, by an infusion of $650 million from the private equity arm of Charles G. and David H. Koch, the billionaire brothers known for using their wealth and political connections to advance conservative causes.


More at link.

"It's a sad and beautiful world"
-Roberto Benigni

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Comments

  • tbergs
    tbergs Posts: 10,458
    Well, there goes the credibility of Time. The world is a losing battle.
    It's a hopeless situation...
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,645
    Because the Koch Brothers don't have enough, They just want more and more and more...............................
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

    Libtardaplorable©. And proud of it.

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  • Kat
    Kat Posts: 4,973
    A free press is a fundamental part of democracy and I fear it won't be free if it's all politicized and controlled by one side. It has to be above all that. It's a scary time, no pun intended. 
    Falling down,...not staying down
  • Bentleyspop
    Bentleyspop Craft Beer Brewery, Colorado Posts: 11,517
    I foe one will no longer be reading time
  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,669
    tbergs said:
    Well, there goes the credibility of Time. The world is a losing battle.
    Sure seems like it.  :frowning:
    Halifax2TheMax said:
    Because the Koch Brothers don't have enough, They just want more and more and more...............................
    ...and more!
    Kat said:
    A free press is a fundamental part of democracy and I fear it won't be free if it's all politicized and controlled by one side. It has to be above all that. It's a scary time, no pun intended. 
    "Scary Time" indeed, Kat!
    Bentleyspop said:
    I foe one will no longer be reading time
    Time will be my foe as well (taking advantage of your typo!) :wink:
    "It's a sad and beautiful world"
    -Roberto Benigni

  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,404
    this can't be good for journalism.

    Then again, it can't be good for anybody.

    except the kochs and the republican party.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 50,759
    Kat said:
    A free press is a fundamental part of democracy and I fear it won't be free if it's all politicized and controlled by one side. It has to be above all that. It's a scary time, no pun intended. 
    Too late.
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,669
    gimmesometruth27 said:
    this can't be good for journalism.

    Then again, it can't be good for anybody.

    except the kochs and the republican party.
    Lets hope they go belly up, get desperate, and sell out to the good folks at the Onion!
    "It's a sad and beautiful world"
    -Roberto Benigni

  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,404
    brianlux said:
    gimmesometruth27 said:
    this can't be good for journalism.

    Then again, it can't be good for anybody.

    except the kochs and the republican party.
    Lets hope they go belly up, get desperate, and sell out to the good folks at the Onion!
    funny thing is even though it is satire, the onion will be more truthful than anything backed by the kochs. kind of like jon stewart.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,669
    gimmesometruth27 said:
    brianlux said:
    gimmesometruth27 said:
    this can't be good for journalism.

    Then again, it can't be good for anybody.

    except the kochs and the republican party.
    Lets hope they go belly up, get desperate, and sell out to the good folks at the Onion!
    funny thing is even though it is satire, the onion will be more truthful than anything backed by the kochs. kind of like jon stewart.
    Oh, for sure!
    "It's a sad and beautiful world"
    -Roberto Benigni

  • PB11041
    PB11041 Earth Posts: 2,845
    http://freakonomics.com/podcast/why-hate-koch-brothers-part-1/
    http://freakonomics.com/podcast/why-hate-koch-brothers-part-2/
    His eminence has yet to show. 
    http://www.hi5sports.org/ (Sports Program for Kids with Disabilities)
    http://www.livefootsteps.org/user/?usr=3652

  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,669
    PB11041 said:
    http://freakonomics.com/podcast/why-hate-koch-brothers-part-1/
    http://freakonomics.com/podcast/why-hate-koch-brothers-part-2/
    A lovely little Horatio Alger story.  Everybody gets to be a millionaire!  Oh, but the planet.  Ooops! 
    "It's a sad and beautiful world"
    -Roberto Benigni

  • Cliffy6745
    Cliffy6745 Posts: 34,036
    Can I still subscribe to Food & Wine?
  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,669
    Cliffy6745 said:
    Can I still subscribe to Food & Wine?
    If you like GMO's red wine (not blue) and elephant burgers (sorry, no donkey stew), you bet!
    "It's a sad and beautiful world"
    -Roberto Benigni

  • PB11041
    PB11041 Earth Posts: 2,845
    brianlux said:
    PB11041 said:
    http://freakonomics.com/podcast/why-hate-koch-brothers-part-1/
    http://freakonomics.com/podcast/why-hate-koch-brothers-part-2/
    A lovely little Horatio Alger story.  Everybody gets to be a millionaire!  Oh, but the planet.  Ooops! 
    I am doubting you listened to any of it.
    His eminence has yet to show. 
    http://www.hi5sports.org/ (Sports Program for Kids with Disabilities)
    http://www.livefootsteps.org/user/?usr=3652

  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,669
    PB11041 said:
    brianlux said:
    PB11041 said:
    http://freakonomics.com/podcast/why-hate-koch-brothers-part-1/
    http://freakonomics.com/podcast/why-hate-koch-brothers-part-2/
    A lovely little Horatio Alger story.  Everybody gets to be a millionaire!  Oh, but the planet.  Ooops! 
    I am doubting you listened to any of it.
    I read the transcript.  I'm familiar with this kind of ploy to make super wealthy people look like benevolent souls.  I don't buy it.  Not for a minute.  Except maybe Warren Buffet.  He might (might) be a rare exception.  But Koch?  No way.  Don't be fooled. 
    "It's a sad and beautiful world"
    -Roberto Benigni

  • vogonpoetbythelake
    vogonpoetbythelake Posts: 2,146
    Ralph Naders fictional and rare account of how to save the world... is my favorite pair of rose glasses!
  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,669
    vogonpoetbythelake said:
    Ralph Naders fictional and rare account of how to save the world... is my favorite pair of rose glasses!
    Whatever happened to old Ralphy?
    "It's a sad and beautiful world"
    -Roberto Benigni

  • PB11041
    PB11041 Earth Posts: 2,845
    brianlux said:
    PB11041 said:
    brianlux said:
    PB11041 said:
    http://freakonomics.com/podcast/why-hate-koch-brothers-part-1/
    http://freakonomics.com/podcast/why-hate-koch-brothers-part-2/
    A lovely little Horatio Alger story.  Everybody gets to be a millionaire!  Oh, but the planet.  Ooops! 
    I am doubting you listened to any of it.
    I read the transcript.  I'm familiar with this kind of ploy to make super wealthy people look like benevolent souls.  I don't buy it.  Not for a minute.  Except maybe Warren Buffet.  He might (might) be a rare exception.  But Koch?  No way.  Don't be fooled. 
    Well then, for anyone else that is not sucked into conspiracy theories on how two guys from Wichita are grinding the gears for themselves alone, you can go ahead and listen to this and then venture deeper beyond the boogey man stories that create a convenient fiction that is easily dismissed.

    Truths and nuance are harder to swallow than area 51 theories.
    His eminence has yet to show. 
    http://www.hi5sports.org/ (Sports Program for Kids with Disabilities)
    http://www.livefootsteps.org/user/?usr=3652

  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,669
    PB11041 said:
    brianlux said:
    PB11041 said:
    brianlux said:
    PB11041 said:
    http://freakonomics.com/podcast/why-hate-koch-brothers-part-1/
    http://freakonomics.com/podcast/why-hate-koch-brothers-part-2/
    A lovely little Horatio Alger story.  Everybody gets to be a millionaire!  Oh, but the planet.  Ooops! 
    I am doubting you listened to any of it.
    I read the transcript.  I'm familiar with this kind of ploy to make super wealthy people look like benevolent souls.  I don't buy it.  Not for a minute.  Except maybe Warren Buffet.  He might (might) be a rare exception.  But Koch?  No way.  Don't be fooled. 
    Well then, for anyone else that is not sucked into conspiracy theories on how two guys from Wichita are grinding the gears for themselves alone, you can go ahead and listen to this and then venture deeper beyond the boogey man stories that create a convenient fiction that is easily dismissed.

    Truths and nuance are harder to swallow than area 51 theories.
    I don't know where you come up with this nonsense about me swallowing area 51 theories or boogie man stories.  Your post actually got me to laughing at it's absurdity.  Stick around awhile and you'll see that isn't me.
    "It's a sad and beautiful world"
    -Roberto Benigni

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