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Time Inc., the publisher of Time, Sports Illustrated, Fortune, People, Entertainment Weekly, etc., will be bought for $1.84 billion by Meredith Corporation ($2.8 billion including debt):
U.S. media company Meredith Corp said on Sunday it will buy Time Inc, the publisher of People, Sports Illustrated and Fortune magazines, in a $1.84 billion (1.38 billion pounds) all-cash deal backed by conservative billionaire brothers Charles and David Koch. The deal is a coup for Meredith, which held unsuccessful talks to buy Time earlier this year and in 2013.
It will give news, business and sports brands to the Des Moines, Iowa-based publisher and broadcaster, which owns lifestyle magazines such as Better Homes & Gardens and Family Circle. Analysts have said that bulking up on publishing assets could give Meredith the scale required to spin off its broadcasting arm into a standalone company. When combined, the Meredith and Time brands will have a readership of 135 million people and paid circulation of nearly 60 million. The deal also will expand Meredith's reach with internet-savvy millennials, creating a digital media business with 170 million monthly unique visitors in the United States and more than 10 billion annual video views.
Did we mention the Koch brothers, aka Koch Koch and Luigi Koch?
(Score: 3, Insightful) by Anonymous Coward on Tuesday November 28 2017, @07:23AM (1 child)
In the alternative, do I get a vote? Do I just get 1 vote out of 8 billion votes? When someday 50.001% of the world votes to exterminate infidels, am I supposed to just accept my slaughter as the product of legitimate democracy?
If it turns out more like Zimbabwe, and 50.001% of the world votes to take property from white people while causing hyperinflation, to where might I escape?
(Score: 1) by Gault.Drakkor on Friday December 01 2017, @11:00PM
I would hope that any replacement system would accept that 50% for significant decisions is kinda bullshit.
That is the bigger the change(more people it affects, the larger the material affect) the higher the percentage is required to change.
So something like exterminate all people(for sake of example) with malaria. Should require 80% of eligible voters to vote 80% in favor.
Really, any big vote that you ask general populous should have some form of super-majority. Makes things much less ambiguous and more certain that you have the will of the people.