GOP mega-donors Charles and David Koch are reportedly backing a deal to buy…..
Time Inc. which publishes TIME Magazine and People Magazine in Print and Online.
TALKS: Leftist The New York Times reports that Time Inc., which publishes popular magazines like People and Time, is back in talks to sell itself to fellow publisher Meredith Corporation, which produces Family Circle, Martha Stewart Living and Better Homes and Gardens. The two companies were in talks earlier this year, but couldn’t agree to terms back in April.
VALUE: Time’s value is estimated to be about $1.3 billion, while Meredith is valued at $2.42 billion.
KOCH BROTHERS: The political network overseen by the Koch brothers set a spending goal of $889 million in the 2016 election. In 2012, the billionaires spent almost $400 million.
The Kochs refused to back Donald Trump’s run to the presidency last year, but have forged improving relations with his administration in 2017, meeting with top administration officials including Vice President Pence
ANTI-TRUMP PROPAGANDA AND THE KOCHS: Time Magazine is known for being extremely Anti-Trump but only now that he is President.
The Koch Brothers are seen to many Patriots as Globalists and Anti-America First