Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Koch Brothers Buy Trump's Favorite Magazine
Posted
November 28, 2017
Views
109,277
Likes
1,813
Comments
252
Engagement
1.89%
November 28, 2017
109,277
1,813
252
1.89%
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8:13Now PlayingWhat do the Koch Brothers want with Time Magazine? Cenk Uygur and Brett Erlich, the hosts of The Young Turks, discuss. Tell us what you think in the comment section below.
“A long chapter in media history came to an unlikely close on Sunday night with a sale agreement for Time Inc., the publisher of once-prestigious magazine titles including Time, Sports Illustrated and People.
The Meredith Corporation — the owner of Family Circle, Better Homes and Gardens and AllRecipes — agreed to purchase Time Inc. in an all-cash transaction valued at nearly $3 billion. The deal was made possible, in part, by an infusion of $650 million from the private equity arm of Charles G. and David H. Koch, the billionaire brothers known for using their wealth and political connections to advance conservative causes.
The deal could represent the beginning of the end for one of the country’s most celebrated magazine publishers, whose titles commanded the attention of global leaders and chronicled world events, sometimes with striking photography. It also brings together two companies that have long courted different audiences, seeking readerships that echoed the places they called home.
Time Inc. is New York to its core. The company was founded by Henry R. Luce and Briton Hadden, who had worked together in their college days at the Yale Daily News. Together they hatched the idea of a fast-paced weekly that would capture an increasingly hectic and urbanized world.”
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Hosts: Cenk Uygur, Brett Erlich
Cast: Cenk Uygur, Brett Erlich
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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