Search This Blog

Sunday, November 26, 2017

Meredith Corporation Buys Time Inc. for $2.8 Billion

Time Inc., a corporation that owns the magazines TimeFortuneSports Illustrated, and others was sold to Meredith Corporation for $2.8 billion. Meredith Corporation plans to sell "a sizable chunk of the combined business -- $650 million worth -- to a company owned by Republican mega-donors Charles and David Koch" according to CNN.

No comments:

Post a Comment