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Time Inc. Bought by Meredith Corporation in Koch Brothers-Backed Deal

HeadlineNov 27, 2017

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.

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