Iowa’s Meredith Corporation will purchase Time, Inc., with help from the Koch brothers

Des Moines-based Meredith Communications—publisher of such magazines as Family Circle and Better Homes and Gardens—has struck a deal to purchase New York-based magazine publisher Time, Incorporated. If the sale is approved by the boards of both companies, Meredith will acquire such well-known magazines as Time, Sports Illustrated and Fortune. […]

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