Los Angeles Times

Could Time be Kochs' next big political play?

Glance at the celebrity gossip in People or the swimsuit issue of Sports Illustrated, and it's not likely the billionaire Koch brothers come to mind.

But the two conservative moguls could put their stamp on the two marquee publications and, more significantly, wield control over the newsweekly Time if a reported takeover bid comes to fruition.

Meredith Corp., which publishes Family Circle and Better Homes and Gardens among other titles, recently approached Time Inc. about a deal, armed with more than $500 million in financing from Charles and David Koch, according to reports

You're reading a preview, sign up to read more.

More from Los Angeles Times

Los Angeles Times4 min read
Henry Lozano, Who Engineered The Political Careers Of Emerging Latino Leaders, Dies
Henry Lozano, who spent much of his career aiding, counseling and influencing Los Angeles Latino politics and politicians, has died at his home in Whittier, Calif. Lozano, who died Monday, was 85. No cause of death was given. As a political insider,
Los Angeles Times3 min read
Hyun-Jin Ryu Provides Enough For Dodgers To Slip By Bottom-dwelling Marlins
LOS ANGELES - There was no earthquake like the 7.1-magnitute temblor that rattled Dodger Stadium on July 5, no strange atmospheric conditions or precipitation that would affect pitcher Hyun-Jin Ryu's grip or footing on the mound. Still, something abo
Los Angeles Times4 min read
Alaska Is Reeling From Budget Cuts, Even As Governor Wants To Pay Each Resident $3,000
NAKNEK, Alaska - For the hundreds of salmon fishing crews plying Bristol Bay during this summer's sockeye season, public radio station KDLG is essential listening. They tune into 670 AM each evening for bulletins on the shifting boundaries of the fis