December 7, 2017
The announcement of Meredith Corporation’s planned acquisition of Time, Inc., which owns TIME magazine, amounts to a Koch Industries-funded takeover that has sent shockwaves through the journalistic world. Many still remember Amazon CEO Jeff Bezos’ purchase of The Washington Post some time ago. Both acquisitions — happening in an age when corporate mergers and consolidations are take place more often than usual — have prompted debates about objectivity and sponsorship, with many arguing that The Post’s quality has gone down since the Bezos purchase and that TIME’s will certainly do so as well.