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Apocalypse
11-26-2017, 09:21 PM
The New York Times reported Sunday afternoon that Time, Inc. is set to be purchased by Meredith Corporation in a deal backed by Charles G. Koch and his brother David H. Koch.


"Under the terms of the proposed deal, which could be announced as early as Monday morning, Meredith would pay between $19 and $20 a share for Time Inc., the publisher of Time, Sports Illustrated and People, according to a person involved in the deal process. The boards of Time Inc. and Meredith were expected to meet on Sunday evening to finalize the deal, the person said, although the talks could still fall apart.

Meredith, which publishes popular monthly magazines like Family Circle and Better Homes and Gardens, has arranged for a $600 million cash infusion from the Koch brothers through their private equity arm, Koch Equity Development."

DumbAss Tanker
11-26-2017, 09:31 PM
If that comes to pass, it will certainly result in some amazing brain explosions at DU. Although the crazier ones there regard Time as an instrument of the GOP, so maybe not a full Technicolor spread.

Apocalypse
11-26-2017, 09:44 PM
If that comes to pass, it will certainly result in some amazing brain explosions at DU. Although the crazier ones there regard Time as an instrument of the GOP, so maybe not a full Technicolor spread.
I"m surprised there is not "End of the world" post over there yet about this.

Ranger Rick
11-26-2017, 10:10 PM
If it happens, I wonder if the President would change is mind about a "Man of the Year" interview.

Apocalypse
11-26-2017, 10:26 PM
If it happens, I wonder if the President would change is mind about a "Man of the Year" interview.
I think it's already been decided.

https://scontent-ort2-2.xx.fbcdn.net/v/t1.0-9/23905742_1506833676082465_1011064323547556090_n.jp g?oh=662a3cc812188b01be0a006ceff9d4cc&oe=5A8B5F85

3rd-try
11-27-2017, 07:51 AM
Those guys lost me with their never-Trump attitude.

SarasotaRepub
11-27-2017, 10:08 AM
I"m surprised there is not "End of the world" post over there yet about this.


Here ya go!!! :biggrin-new: (https://www.democraticunderground.com/10141923061)

cadillac shark
11-27-2017, 11:56 AM
My opinion of Time hasn't changed in decades: Take all of the money out of it and let magazine perish.

It's what Time-management did to Life in 1972 at the height of its popularity, as possibly the greatest photo-magazine in history. Generations now deprived of weekly topical insight from a photojournalistic perspective.