Time Inc., the owner of Sports Illustrated, People, Fortune and Time magazine, agreed to sell itself Sunday to the lifestyle magazine publisher Meredith Corp. The $2.8 billion deal was made possible in part by a multi-million dollar cash infusion from the private equity arm of the conservative brothers Charles and David Koch.
Here & Now‘s Jeremy Hobson speaks with NPR media correspondent David Folkenflik ( @davidfolkenflik) about the sale.
Copyright 2020 NPR. To see more, visit https://www.npr.org.