Conservative billionaire Koch brothers give $650m to help Meredith buy Time

Texans will not get a say in editorial decisions, says Meredith, as it hails ‘transformative’ deal to merge magazine stablesMeredith Corporation has announced that it is buying the Time Inc publishing group in a “transformative” $1.8bn deal that joins two huge magazine companies. Meredith, which owns a portfolio including Better Homes & Gardens, Family Circle, allrecipes and Shape, will fund the deal with the help of the rightwing billionaire Koch brothers, who have contributed $650m of preferred equity. Related: ‘Their own media megaphone’: what do the Koch brothers want from Time? Related: Unlike Donald Trump, I embraced being Time Person of the Year | Warren Murray Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2017-11-27 00:00:00 UTC ]

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Conservative billionaire Koch brothers give $650m to help Meredith buy Time

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