Time Inc. To Sell To Meredith Corp. In Koch-Backed Deal

Nov 27, 2017

Time Inc., the owner of Sports Illustrated, People, Fortune and Time magazine, agreed to sell itself Sunday to the lifestyle magazine publisher Meredith Corp. The $2.8 billion deal was made possible in part by a multi-million dollar cash infusion from the private equity arm of the conservative brothers Charles and David Koch.

Here & Now‘s Jeremy Hobson speaks with NPR media correspondent David Folkenflik (@davidfolkenflik) about the sale.

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