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bronxiteforever

(9,287 posts)
Sun Nov 26, 2017, 09:48 PM Nov 2017

Meredith to buy U.S. publisher Time in Koch-backed deal

Source: Reuters

U.S. media company Meredith Corp (MDP.N) said on Sunday it will buy Time Inc (TIME.N), the publisher of Sports Illustrated and Fortune magazines, in a $1.84 billion all-cash deal backed by conservative billionaire brothers Charles and David Koch.

It will give news, business and sports brands to the Des Moines, Iowa-based publisher and broadcaster, which owns lifestyle magazines such as Better Homes & Gardens and Family Circle. Analysts have said that bulking up on publishing assets could give Meredith the scale required to spin off its broadcasting arm into a standalone company.

Read more: https://www.reuters.com/article/us-time-m-a-meredith/meredith-to-buy-u-s-publisher-time-in-koch-backed-deal-idUSKBN1DQ0TH



Now the right wing Koch’s will own Time. Our voices are being systematically silenced by this endless right wing coup.
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Meredith to buy U.S. publisher Time in Koch-backed deal (Original Post) bronxiteforever Nov 2017 OP
The liberal media is getting downright socialist by the day dalton99a Nov 2017 #1
Time Magazine just became "Fox News" in print FakeNoose Nov 2017 #11
Now Trump will be Person of the Year! DavidDvorkin Nov 2017 #2
And he can be on every cover RussBLib Nov 2017 #4
media has no credibility left bucolic_frolic Nov 2017 #3
Didn't trump call Time "failing"? All that money just so trump could be pussy grabber of the year? George II Nov 2017 #5
Then, why not... C_U_L8R Nov 2017 #6
Now Trump can be Time's "person of the year" every year. Dawson Leery Nov 2017 #7
Won't be renewing Time. Owl Nov 2017 #8
I always check and make sure I am not wiping my ass with their toilet Paper Cryptoad Nov 2017 #10
Nuttin like a little Corporate Socialism,,,,,, Cryptoad Nov 2017 #9
Yes, it looks like we're toast. SpankMe Nov 2017 #12
Time is now going to look more like BlueIdaho Nov 2017 #13

SpankMe

(2,974 posts)
12. Yes, it looks like we're toast.
Mon Nov 27, 2017, 11:36 AM
Nov 2017

Conservatives continue to buy-up society and entrench their draconian point of view into daily life while liberal billionaires ignore this as if it's "beside the point" and, instead, support philanthropic efforts. Helping people is all well and good. But at this point, liberal billionaires need to step up and counter this downfall by buying some public media and evening out the playing field. Soros, Gates, Bezos, Buffet, Steyer and all those guys need to change their "I'm-keeping-my-fortune-apolitical-and-will-change-society-one-person-at-a-time" attitude. (Okay, Tom Steyer not so much. But, still...)

We liberals have a problem. We're constantly "helping" people by funding food pantries, promoting education and engaging in all sorts of philanthropy - while ignoring the "promotional" and publicity side of it. We need to step up in this war of ideas and start engaging in stuff that actually works. Feeding children and providing clean water and rights to women is all great. But, sometimes when the opposition starts making gains, we have to start fighting them on their own playing field or we'll lose.

Right now, we're losing.

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