Koch Bros. in a deal to buy Time mag.

[Cattledog]

Time Inc. is said to be in talks to sell itself to the Meredith Corporation, in a deal backed by Charles G. and David H. Koch, the billionaire brothers known for supporting conservative causes.

Talks between Time Inc., the publisher of Time and People, and Meredith, the publisher of Family Circle and Better Homes and Gardens, fizzled this year. The new round of negotiations, motivated by the surprise entry of the Kochs, could lead to a quick deal, according to people involved in the discussions.

The Kochs have tentatively agreed to back Meredith’s offer with an equity injection of more than $500 million, the people with knowledge of the talks said. A spokesman for the brothers’ business, Koch Industries, declined to comment on Wednesday.

Time Inc. also declined to comment. Meredith did not immediately respond to a request for comment.

https://www.nytimes.com/2017/11/15/business/media/koch-brothers-time-meredith.html?&hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region&region=top-news&WT.nav=top-news

[Angry Dragon]

1. 10 families own 80% of printed news

[Matthew28]

2. Wtf happened to our anti-trust laws?

It is time to stop this shit and even start breaking them up! Democrats need to start demanding it.

[arthritisR_US]

3. Democracy is fucked, way to go Amurika.

[Matthew28]

4. As far as I am concern there's 4 economic issues the democrats need to focus on in 2018 and 2020

1. Promising an higher minimum wage
2. Enforcing our anti-trust laws and making sure that no one can own 80% of any field.
3. Rebuilding our unions. We democrats should be pushing a federal union bill to counter the conservatives right to work at the federal level.
4. Stopping outsourcing and offshoring.

This right here should be our economic platform!

[delisen]

6. How do you propose to deal with automation?

[Matthew28]

9. Maybe 5#

Automation tax that allows the government to pay the workers that can't work as they get the needed education to seek out another job.

[Matthew28]

10. Or maybe some kind of

basic income

[Not Ruth]

5. Welcome to 1990

Who reads Time magazine any more, it is worthless

[HelenWheels]

7. Will not renew Time mag. if deal goes through

[hlthe2b]

8. I already scrupulously boycott Koch Bros products and will (sadly) add Time to the list if so

?1427214075


https://www.dailykos.com/stories/2014/4/1/1288957/-Sign-the-pledge-Don-t-buy-these-Koch-productshttps://www.dailykos.com/stories/2014/4/1/1288957/-Sign-the-pledge-Don-t-buy-these-Koch-products

-American Greetings** (took heavy Koch investment, upwards of $200 million)***UPDATE: MARCH 2015: American Greetings has contacted us to let us know they are no longer traded on NYSE, nor do they have any investment from Koch Ind.

-Angel Soft

-Angel Soft Ultra

-Brawny paper towels

-Dixie products

-Insulair cups

-Mardis Gras napkins

-Perfect Touch cups, paper products

-Quilted Northern

-Sparkle paper towels

-Vanity Fair napkins & paper towels

-Zee Napkins

-Georgia-Pacific Office products

-Spectrum paper

-Georgia-Pacific's enMotion paper towel dispenser

-Georgia-Pacific's engineered lumber INVISTA Brands

-INVISTA’s PET polymer is used in oxygen-sensitive packaging for food and beverages.

-ADI-PURE® Adipic Acid

-ANTRON® Carpet Fiber

-C12™ Intermediates

-COMFOREL® Fiber

-COOLMAX® Fabric

-CORDURA® Fabric

-DACRON® Fiberfill

-DYTEK® Idea Intermediates

-FLEXISOLV® Solvent Solutions

-LYCRA® Fiber

-LYCRA HyFit® Fiber

-OXYCLEAR® Barrier Resin

-POLYCLEAR® PET

-POLYSHIELD® Resin

-SENZAA™ Additive

-STAINMASTER® Carpet

-SUPPLEX® Fabric

-SUPRIVA™ Fiber

-TACTEL® Fiber

-TECGEN® Garments

-TERATE® Polyols

-TERATHANE® Polyether Glycol

-TERRIN™ Polyols

-THERMOLITE® Fabric

-TORZEN® PA66 Resin