I thought I heard one of the Koch brothers was buying TIME magazine.
No. TIME magazine was sold off several years ago; and is still a leftist rag. The remainibg 3(?) magazines are being bought by the Kochs, and reportedly have a fair chance of being managed into being decent, sensible, pro-american publications.
It is correct according to Fox Biz. I just happen to have my tv on Fox Biz paused on a crawler that states, “Meredith buying Time Inc with help from Koch Brothers.”
Slow forwarded. Screen shot states:
Meredith Buying Time
* $1.85 B in cash
* 46% premium on November stock price
* Includes $650 M in Koch private equity investment
Another slow forward gives me a screen shot:
“The Koch brothers won’t have any influence on Meredith’s operations, including editorial.” Tom Hardy Meredith Chief Operating Officer
Another slow forward shows that the Kochs have shown previous interest in buying the following newspapers:
LA Times, Chicago Tribune, San Diego Union Tribune, The Baltimore Sun, and the Orlando Sentinel
Another slow forward shows that stock in Meredith Corp is up, as is Time Inc, in the face of the possible deal.
FWIW