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Time Inc. Sells Itself to Meredith Corp., Backed by Koch Brothers

nytimes.com

31–40 of 151 posts

Re: Time Inc. Sells Itself to Meredith Corp., Backed by Koch Brothers

#31
post #9

Now we have two (more) major newsoutlets owned by activist owners --WaPo and Time Mag. Wish there were more independence in the media. Or at least fewer owners who will push agendas. Time will tell.

Has there ever been such a thing? Were the newspaper barons of the past neutral?

Re: Time Inc. Sells Itself to Meredith Corp., Backed by Koch Brothers

#32
post #9

Now we have two (more) major newsoutlets owned by activist owners --WaPo and Time Mag. Wish there were more independence in the media. Or at least fewer owners who will push agendas. Time will tell.

Has WaPo's "activist" owner had any real impact on what they choose to cover?

Yes. They commonly report negative SpaceX stories, and trashed the hell out of Bernie Sanders during the election, publishing 16 negatives stories in less than a day.

Re: Time Inc. Sells Itself to Meredith Corp., Backed by Koch Brothers

#33
post #10
post #5

I found this podcast, an interview with Charles Koch, interesting. There are two parts to it. Whatever the ideological issues may be, I found he spoke in an engaging way. http://freakonomics.com/podcast/why-hate-koch-brothers-part-... http://freakonomics.com/podcast/why-hate-koch-brothers-part-...

Charles seems like a nice guy. Curious, what is the political problem with him? https://youtu.be/Z7Pj2rKdKII A quote from the video: If you don't learn to do dirty jobs, if you don't learn unpleasant work, by the time you're in your 30s, you never learn to work productively ... you learn from that you don't want to do that the rest of your life, so you had better find some aptitude. He says that after telling about a…

You can't really make a political judgement about the man based on a soft video interview.

The Koch brothers support both libertarian causes and are opposed to action against climate change, to name two. They also put private investigators to dig into the background of a journalist that was writing about them:

https://www.nytimes.com/2016/01/27/nyregion/what-happened-to...

More broadly, they are able to affect the shape of the laws being produced in this country by bankrolling various politicians. Their qualification to do so is simply that they are rich. You can find that politically questionable even if you're in favour of their politics.

You don't have to object to them personally, but you can't really say there is nothing for anyone to disagree with.

Re: Time Inc. Sells Itself to Meredith Corp., Backed by Koch Brothers

#34
post #18
post #9

Now we have two (more) major newsoutlets owned by activist owners --WaPo and Time Mag. Wish there were more independence in the media. Or at least fewer owners who will push agendas. Time will tell.

I think that's what "independence" in the media looks like. The alternative is ownership by massive conglomerates. GE owns NBC, does that make NBC more "independent" than the New York Times (which is owned by the Sulzberger family)? Media outlets are valuable, thus your options for ownership are 1) very rich individuals or families or 2) large corporations. Which one of those did you want to see more of?

[deleted]

Re: Time Inc. Sells Itself to Meredith Corp., Backed by Koch Brothers

#35
post #24

This is a fascinating thought process on hiring. We can hire all the brightest MBAs in the world, and if they don't have the right values, we will fail. We hire based on values first - then talent. https://youtu.be/Z7Pj2rKdKII?t=25m12s Other quotes: What are my capabilities that will create superior values for others? What are the best opportunities to do that?

Many companies say things like that, have mission statements, etc. It all depends on what is meant by "values" and, much more importantly, how it's implemented on the ground. Sometimes, "values" means that you agree with the boss or at least don't challenge them in a fundamental way. Sometimes it just means that they want someone to 'fit' in the culture, and often, regardless of what's stated, the only values that will get you hired/fired are profits and office politics.

The Kochs are a special case, though, with their very strong political beliefs; I wonder if "values" refers to that.

Re: Time Inc. Sells Itself to Meredith Corp., Backed by Koch Brothers

#36
Allegedly, the Koch Brothers don't plan to take an active role in the company.

"Steve Lombardo, a spokesman for Koch Industries, also said that the Kochs had no plans to take an active role in the expanded company. “This is a passive financial investment made through our equity development arm,” Mr. Lombardo said. The company’s role in the transaction, he said, was similar to that of a bank."

Regardless of what you think of the Koch brothers, this appears to be a mundane deal sensationalized by the specter of the Koch brothers.

Re: Time Inc. Sells Itself to Meredith Corp., Backed by Koch Brothers

#37
post #7

Earlier quoted context omitted.

Nope. They are not friends.

They're on good terms now https://www.politico.com/story/2017/04/donald-trump-david-bi...

No, the Koch's are political activists. They put up with him because they have to. Rest assured if the opportunity presented itself to throw him under a bus, they would hesitate. At the end of the day, they know they are likely looking at 4 years at most.

Re: Time Inc. Sells Itself to Meredith Corp., Backed by Koch Brothers

#38
post #20

Earlier quoted context omitted.

We don't truly know because we don't/can't/won't know all the stories that WaPo killed because of influence. However, worrying about stories being "killed" is the wrong way to think of the potentially nefarious effects. The much more common problem, and much harder to detect, are knowing the stories that the WaPo (or any news org) just didn't put priority into pursuing because of institutional inertia and unspoken ru…

Ehh? If WashPo kills a story, the other news outlets would most likely be running those stories. Lets say WashPo kills a story, why wouldn't Fox News run that story in the headlines? Or New York times? Or Politico, or... any media organization worth a darn?

Not all stories are widely known before they break. For instance, Wapo might not pursue an investigative piece on Amazon as enthusiastically, or another investigation may get prioritised because of the owner.

A story that isn't pursued might not see the light of day. Big stories, like the Weinstein disclosures, are broken after long periods of investigation and journalistic grunt-work. Only after they break do you see all the other news outlets pounce on the story and start reporting it. Historically, Wapo has been an important place for investigative work, they broke the Watergate story.

I think that's more the worry.

Re: Time Inc. Sells Itself to Meredith Corp., Backed by Koch Brothers

#39
post #15
post #10

Earlier quoted context omitted.

Charles seems like a nice guy. Curious, what is the political problem with him? https://youtu.be/Z7Pj2rKdKII A quote from the video: If you don't learn to do dirty jobs, if you don't learn unpleasant work, by the time you're in your 30s, you never learn to work productively ... you learn from that you don't want to do that the rest of your life, so you had better find some aptitude. He says that after telling about a…

I don't hate him, in fact, I've read a lot about and been impressed with some of his goals, particularly criminal reform [0]. However, I've never been overly political, and I'm currently not in the population most affected by the influence of his campaign spending. Someone who is greatly affected by something like, say, reproductive rights, would probably feel differently about how Charles Koch's money -- whatever it…

My main problem with the Kochs is they have spent millions (billions?) of dollars lying to people about science. That is inexcusable.

They have also somehow single handedly interfered with the appointment of supreme court justices. America should work to ensure no single unelected person has so much power.

Re: Time Inc. Sells Itself to Meredith Corp., Backed by Koch Brothers

#40
post #24

This is a fascinating thought process on hiring. We can hire all the brightest MBAs in the world, and if they don't have the right values, we will fail. We hire based on values first - then talent. https://youtu.be/Z7Pj2rKdKII?t=25m12s Other quotes: What are my capabilities that will create superior values for others? What are the best opportunities to do that?

keep in mind the guy who said that has spent millions of dollars to lie to the public about climate change.
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