WebHeader_Grove.png
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Purchase your tickets for a chance to win $25k toward a new car or $20k in cash during NHPR's Summer Raffle!

Time Inc. To Sell To Meredith Corp. In Koch-Backed Deal

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 2021 NPR. To see more, visit https://www.npr.org.

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.