© 2024 Connecticut Public

FCC Public Inspection Files:
WEDH · WEDN · WEDW · WEDY · WNPR
WPKT · WRLI-FM · WEDW-FM · Public Files Contact
ATSC 3.0 FAQ
Donate
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

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

Published November 27, 2017 at 1:52 PM EST
Time magazine copies are dispalyed on a table in Washgington on Nov. 27, 2017. Time Inc. is selling for $2.8 billion to media conglomerate Meredith Corporation, which is backed by the billionaire Koch brothers, who are known for supporting conservative causes. Time, which also publishes its eponymous magazine, Fortune and Sports Illustrated, began looking for a buyer late last year before giving up several months later, while welcoming options. (Eric Baradat/AFP/Getty Images)
Time magazine copies are dispalyed on a table in Washgington on Nov. 27, 2017. Time Inc. is selling for $2.8 billion to media conglomerate Meredith Corporation, which is backed by the billionaire Koch brothers, who are known for supporting conservative causes. Time, which also publishes its eponymous magazine, Fortune and Sports Illustrated, began looking for a buyer late last year before giving up several months later, while welcoming options. (Eric Baradat/AFP/Getty Images)

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.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Stand up for civility

This news story is funded in large part by Connecticut Public’s Members — listeners, viewers, and readers like you who value fact-based journalism and trustworthy information.

We hope their support inspires you to donate so that we can continue telling stories that inform, educate, and inspire you and your neighbors. As a community-supported public media service, Connecticut Public has relied on donor support for more than 50 years.

Your donation today will allow us to continue this work on your behalf. Give today at any amount and join the 50,000 members who are building a better—and more civil—Connecticut to live, work, and play.

Donate