Time magazine is about to gain new owners — including the billionaire Koch brothers. Media giant Meredith announced Sunday that it has agreed to buy the 95-year-primitive magazine’s publisher,Time Inc., for $2.8 billion. Acquiring the legendary magazine company gives Meredith control of dozens of other immense titles such as People, or Sports Illustrated,Fortune and Entertainment Weekly. Meredith already publishes several top magazines, including Parents, or Shape and Better Homes & Gardens. The two media companies are worth roughly the same […]
Source: fox40.com