Time Inc. has new owners, including the Koch brothers

[workinclasszero]

Time Inc. has new owners, including the Koch brothers
by David Goldman November 26, 2017: 11:41 PM ET

Media company Meredith (MDP) announced Sunday that it has agreed to buy the 95-year-old magazine's publisher, Time Inc., for $2.8 billion.

Acquiring the legendary magazine business gives Meredith control of dozens of other big titles such as People, Sports Illustrated, Fortune and Entertainment Weekly. Meredith already publishes several top magazines, including Parents, Shape and Better Homes & Gardens.

The two media companies are worth roughly the same on the stock market. To finance the deal, Iowa-based Meredith is taking on some serious debt, borrowing about $3.6 billion from an assortment of lenders.

It also plans to sell a sizable chunk of the combined business -- $650 million worth -- to a company owned by Charles and David Koch. The Koch brothers are mega-donors to the Republican party and conservative causes.

http://money.cnn.com/2017/11/26/media/meredith-time/index.html

[Iliyah]

1. Time will lose a lot of subscribers therefore lots of money

That's why net neutrality is an jeopardy and in danger. GOPer's want full and complete propaganda. USA history will not be kind to these assholes.

Another "dark times" for the USA.

We will survive.

[Cyrano]

2. Does this mean they'll put Trump on the cover of Time?

[Irish_Dem]

4. Permanently, in perpetuity. :( nt

[workinclasszero]

5. The Koch bros will finally give the pussy grabber in chief what he really wants

Time Man of the Year!

[WinkyDink]

3. Another reason to prevent the personal acquisition of billions through

taxation.

But that would require a world based on ethics instead of money.

[justhanginon]

6. The continued Goebbelization of the media outlets goes on unabated.

After the right wing oligarchs control all media including the internet, when net neutrality is killed, the United States will no longer be a working democracy. Everything we see and hear in mass media will be filtered through a fascist right wing censoring committee. They are well on their way to completing the takeover.

[WinkyDink]

7. Precisely. And your neologism is perfect! "Goebbelization."