Writes Mike Holmes:
The elderly Koch brothers proposed half-billion dollar investment in the Meredith Co. effort to acquire Time magazine and several others owned by Time Inc. appears to be near completion. The Meredith Co. owns and publishes a number of magazines and the Koch investment in Meredith is being done via their private equity firm.
This is already creating speculation as to the ultimate purpose of this investment. (Lew, this pretty much kills your chances of ever being Time’s “Man of the Year” …)