What 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.”
Read more here: https://www.nytimes.com/2017/11/26/bu…
Hosts: Cenk Uygur, Brett Erlich
Cast: Cenk Uygur, Brett Erlich
The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. https://goo.gl/tJpj1m
Subscribe to The Young Turks on YouTube: https://goo.gl/a3JY9i
Like The Young Turks on Facebook: https://goo.gl/txrhrh
Follow The Young Turks on Twitter: https://goo.gl/w6ahdV
Buy TYT Merch: https://goo.gl/KVysaM
Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at https://goo.gl/v8E64M. Your membership supports the day to day operations and is vital for our continued success and growth.
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)