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posted by martyb on Monday September 17 2018, @06:41PM   Printer-friendly
from the AOL-Time-Warner dept.

Phys.org:

Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday.

Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer.

Meredith had completed the purchase of Time along with other publications of Time Inc. earlier this year.

The Benioffs are purchasing Time personally, and the transaction is unrelated to Salesforce.com, where Benioff is chairman and co-CEO and co-founder. The announcement by Meredith said that the Benioffs would not be involved in the day-to-day operations or journalistic decisions at Time. Those decisions will continue to be made by Time's current executive leadership team, the announcement said.

Tech wealth continues to swallow up old media. Will old media improve?


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  • (Score: 2) by The Mighty Buzzard on Tuesday September 18 2018, @11:19PM (3 children)

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Tuesday September 18 2018, @11:19PM (#736807) Homepage Journal

    I'd suggest having a wood shed build out past the rose garden then, so you can take Barron out to it.

    --
    My rights don't end where your fear begins.
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  • (Score: 2) by realDonaldTrump on Tuesday September 18 2018, @11:35PM (2 children)

    by realDonaldTrump (6614) on Tuesday September 18 2018, @11:35PM (#736815) Homepage Journal

    Barron, he's 12. I don't rape babies. And I don't rape boys. VERY VERY NOT NICE thing to say!!!

    • (Score: 2) by The Mighty Buzzard on Wednesday September 19 2018, @10:50AM (1 child)

      by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Wednesday September 19 2018, @10:50AM (#736972) Homepage Journal

      I was talking about taking a belt to his ass as punctuation to a lecture about being a little shithead on the Internet. You should see someone about that rape fascination you have going there. I mean, as rich and powerful as you are, you should basically be able to just go up to a woman and grab them by the pussy.

      --
      My rights don't end where your fear begins.
      • (Score: 2) by realDonaldTrump on Thursday September 27 2018, @12:45AM

        by realDonaldTrump (6614) on Thursday September 27 2018, @12:45AM (#740555) Homepage Journal

        My sons are wonderful young men. I've always given them the best -- best nanny (very gun-adept), best schools, best everything. I guarantee you it's not them tweeting.

        But maybe it's someone in my Administration. We're looking very hard for the VERY DISLOYAL person that wrote that horrible editorial.

        Don't fall for the Dem con game. For their big, fat con job. Look what they're doing to Brett, one of the highest quality people that I have ever met. These are false accusations. If they get away with that, it can happen to any of us!!!