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Is the Time Inc. sale good for the American media?

Screenshot from Fox Business' YouTube video: Meredith

Sunday, the Meredith Corporation announced it would buy Time Inc. for $1.84 billion in an all cash deal. Time Inc. publishes Time Magazine, People, Sports Illustrated, and Fortune, giving Meredith a strong presence in print media. The deal is being backed by Charles and David Koch, two well-known conservative donors to the Republican party. Their private equity company, Koch Equity development, is giving $650 million in preferred equity to Meredith to fund the deal. Meredith has said the Koch brothers will not have a seat on their board or on Meredith’s editorial or management operations. Still, given the Koch brothers’ involvement, a question comes to mind. Is this sale a good thing for the American media?

Fox Business covering Time Inc.’s stock prices and their reported sale:

The Issue

Is the Time Inc. sale a good thing for the American media? Will it bring more balance to the mainstream media? Or, is this a further eroding of the free press in this country?

Page 2: Arguments for Time Inc. sale being good for the American media

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