In news on media consolidation, the company Time Inc., which publishes Time magazine, Sports Illustrated, Fortune and People, has been bought by the Meredith Corporation in a $3 billion deal backed by the Koch brothers. The Meredith Corporation owns the magazines Family Circle, Better Homes and Gardens and AllRecipes.com. The Koch brothers invested $650 million in the deal.
Time Inc. Bought by Meredith Corporation in Koch Brothers-Backed Deal
HeadlineNov 27, 2017