The Kochs - who made their fortune in Koch Industries which invests in a number of manufacturing companies - run a massive political operation that includes funding for a number of libertarian and conservative thinks-tanks and grassroots organizers, such as Citizens for a Sound Economy Citizens for a Sound Economy, Americans for Prosperity, and the Cato Institute.
"This is a transformative transaction for Meredith Corporation, and follows a fiscal 2017 in which we posted the highest revenues, profit and earnings per share in our 115-year history", said Meredith President and Chief Operating Officer Tom Harty.
Graham rues Trump's support for Roy Moore
Two women have accused Moore of sexually assaulting or molesting them decades ago, when he was in his 30s and they were teenagers. The allegations against Moore come amid a national reckoning over misdeeds by powerful men in media, business and politics.
Time Inc., the steward of some of the country's most circulated and storied magazine brands, will be sold to the lifestyle-magazine publisher Meredith Corp., the companies announced Sunday.
As it turns out, the Koch brothers are contributing more than that. Wall Street responded enthusiastically to Meredith's move, pushing the stock up as much as 16% Monday, before settling down in midday trading to about 10% over the media stock's previous closing price. Meredith said that Koch Equity Development, the investment arm of Koch Industries, will contribute $650 million in equity to help finance the deal.
Florida gas prices poised to rise as OPEC considers production cuts
The lowest price in Miami-Dade was $2.33 at Marathon on South State Road 7 and Northwest 199th Street in Miami Gardens. AAA found self-serve, regular gasoline selling for as low as $2.33 per gallon and as high as $2.65 in MA .
Time, which also publishes Fortune and Sports Illustrated, began looking for a buyer late a year ago before giving up several months later, while welcoming options.
Meredith executives said that no one affiliated with the Kochs will have a seat on the company's board and that there will be "no influence" exerted by the billionaire brothers on the magazines' editorial content.
HTC U11 Users Will Receive Android 8.0 Oreo Update Starting Today
The smartphone was shipped with Android 7.1 in the U.S. market, which left users anticipating the update for Android 8.0 Oreo. You can also check for updates manually by going into Settings About Software updates Check now.