Oh yes oh yes the Koch Brothers are buying up Time Magazine, and libs are freeeeaking outt!!!
Time Inc. has reached a deal to be acquired by the Meredith Corporation, a publisher backed by GOP mega-donors Charles and David Koch, Reuters reported Sunday.
Meredith said it had reached a $1.84 billion all-cash deal to acquire the company, according to Reuters. The publisher said it would acquire Time’s outstanding shares for $18.50 per share, the news agency reported.
“We are adding the rich content-creation capabilities of some of the media industry’s strongest national brands to a powerful local television business that is generating record earnings, offering advertisers and marketers unparalleled reach to American adults,” Meredith CEO Stephen Lacy said in a statement, according to Reuters.
Ut oh.
There go the whiny libs:
Wahhhhh companies shouldn’t be allowed to defend themselves from misleading reporters!!
Meredith Corporation is looking to pay between $19 and $20 a share for Time Inc.
— Ted Corcoran (RedTRaccoon) (@RedTRaccoon) November 27, 2017
$600 million coming from the Koch brothers through their private equity arm, Koch Equity Development.
Freedom of press is apparently for sale to the highest bidder. pic.twitter.com/tiKIzagcrw
LOLOL! Because only conservatives buy out news outlets, right? Georgie Soros never does that.
Koch bros-backed acquisition of @TIME expected to be finalized TONIGHT. Could give the Kochs a powerful platform for their libertarian-infused politics AND their state-of-the-art data operation i360. https://t.co/rmiiIMdJAp
— Kenneth P. Vogel (@kenvogel) November 26, 2017
Don’t be FOOLED!!!! Except liberals control nearly every other media outlet in our society, but they can’t stand not owning it 100%….
Go ahead and have yourselves an open thread, party people. Hope you had a great vacation weekend!!!