What the Koch brothers want with Time Inc.

 

 

 

Who knows? Maybe TIME will be readable again. No one’s going to buy it as a magazine, but a fitting end to the publication’s print era I think.

(From Axios)

The Koch Brothers are investing $650 million to support Meredith Corp.’s takeover of Time Inc., and insist that they won’t have any managerial or editorial influence over the combined magazine publisher. But no one involved with the deal will say that the promise of passivity is codified in anything beyond press releases, and the prospect of a strong financial return is anything but certain.

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