Meredith Seals $2.8B Time Inc. Deal With Koch Brothers Backing

Charles and David Koch, the conservative billionaires backing Meredith’s purchase of the company, will have no editorial control.

The cover of Time magazine naming Barack Obama as Person of the Year sits at a news stand December 19, 2008 in New York City — Chris Hondros/Getty Images

By Jeremy Barr

Time Inc., one of the most influential magazine publishers in U.S. history, will be sold to Iowa-based…

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