Could Time be Kochs' next big political play?
by James F. Peltz, Los Angeles Times
Nov 17, 2017
3 minutes
Glance at the celebrity gossip in People or the swimsuit issue of Sports Illustrated, and it's not likely the billionaire Koch brothers come to mind.
But the two conservative moguls could put their stamp on the two marquee publications and, more significantly, wield control over the newsweekly Time if a reported takeover bid comes to fruition.
Meredith Corp., which publishes Family Circle and Better Homes and Gardens among other titles, recently approached Time Inc. about a deal, armed with more than $500 million in financing from Charles and David Koch, according to reports
You’re reading a preview, subscribe to read more.
Start your free 30 days