Is Time important to anyone under 40? I think not but if Kochs want to throw money away – go ahead!
The company’s decline is readily apparent – but if the billionaire brothers’ other interests are a guide, their investment will be about more than money
That Charles and David Koch are putting $650m into Meredith Corp’s purchase of Time would ordinarily be cause for great soul-searching in media. But then, these are not ordinary times.
Meredith’s Koch-backed deal with Time – which owns, in addition to Time magazine, titles including People, Fortune and Sports Illustrated – was sealed Sunday night. Meredith said in a statement announcing the deal that they are building “a premier media company serving nearly 200 million American consumers.”
Ned Hamson's Second Line View of the News 