{"id":336815,"date":"2017-11-27T11:40:37","date_gmt":"2017-11-27T10:40:37","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/presstv-koch-brothers-among-time-magazines-new-owners\/"},"modified":"2017-11-27T11:40:37","modified_gmt":"2017-11-27T10:40:37","slug":"presstv-koch-brothers-among-time-magazines-new-owners","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/presstv-koch-brothers-among-time-magazines-new-owners\/","title":{"rendered":"PressTV-Koch brothers among Time magazine\u2019s new owners"},"content":{"rendered":"<div>\n<p><strong>Media company Meredith has acquired Time Inc. after borrowing a huge sum from Republican mega donors Charles and David Koch, who might have political interests in the deal.<\/strong><\/p>\n<p>To make the $1.8 billion merger of the two publication companies possible, the billionaire brothers will shell out $650 million of preferred equity.<\/p>\n<p>In an attempt to play down speculations about the right-wing lobbyists\u2019 real intentions behind the contribution, Meredith said on Sunday night that Koch Equity Development (KED), the brothers\u2019 investment vehicle, will be given a seat on the board of the newly merged group and will have no say in editorial decisions.<\/p>\n<p>\u201c[KED] will not have a seat on the Meredith board and will have no influence on Meredith\u2019s editorial or managerial operations,\u201d the company said in a statement. \u201cKED\u2019s non-controlling, preferred equity investment underscores a strong belief in Meredith\u2019s strength as a business operator, its&#8230;<\/p>\n<\/div>\n<p> <a href=\"http:\/\/www.presstv.ir\/Detail\/2017\/11\/27\/543645\/US-Time-Inc-Meredith-Koch-brother-Republican\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Media company Meredith has acquired Time Inc. after borrowing a huge sum from Republican mega donors Charles and David Koch, who might have political interests in the deal. To make the $1.8 billion merger of the two publication companies possible, the billionaire brothers will shell out $650 million of preferred equity. In an attempt to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-336815","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/336815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=336815"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/336815\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=336815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=336815"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=336815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}