Koch Brothers Again

Published February 16, 2018 by Nan Mykel

Sorry for old news (2017), but it was new to me:

Meredith Corp., a magazine publisher and broadcast company, will acquire Time Inc. in a deal totaling $2.8 billion, the company announced Sunday. The all-cash transaction is backed by an affiliate of Koch Industries, headed by the controversial billionaire brothers Charles and David Koch….

The Koch brothers have become controversial figures for their lavish spending to back political candidates and causes, most of them conservative. By some estimates the pair spent nearly $1 billion during the 2016 federal election cycle. There is speculation that the brothers are diversifying their investments into media to have greater influence in culture and shaping popular opinion on issues such as tax policy and climate change.

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