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.
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
3 times a charm: Meredith’s buys Time Inc 3rd try. Only reason deals works now is because of Koch brothers uneconomically motivated equity when all others walked away. This is NOT for economics, this is for the Kochs to control Time, People, Fortune etc content. Don’t be fooled!— Amy Siskind 🏳️🌈 (@Amy_Siskind) November 27, 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!!!