Business

Meredith buys US publisher Time in Koch-backed deal

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The politically active Koch brothers will have no seat on the board and no influence on editorial or management, Meredith Corp. said.

Source: NBC

US media company Meredith has announced it will buy Time in an all-cash deal backed by the Koch brothers, giving the ultra-conservative billionaires a stake in one of America's best-known publishers.

Source: Deutsche Welle

All Sources: NBC Deutsche Welle

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