{"id":52953,"date":"2017-11-17T07:11:29","date_gmt":"2017-11-17T07:11:29","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=52953"},"modified":"2017-11-17T07:11:29","modified_gmt":"2017-11-17T07:11:29","slug":"meredith-approaches-time-again-with-koch-brothers-backing","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/meredith-approaches-time-again-with-koch-brothers-backing.html","title":{"rendered":"Meredith approaches Time again with Koch brothers backing"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Meredith approaches Time again with Koch brothers backing<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Meredith approaches Time again with Koch brothers backing: The Koch brothers have agreed to support Meredith\u2019s offer by investing around $600 million, according to the source, who wished to remain anonymous because they are not permitted to speak to the media.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Spokesmen for Koch Industries, Meredith and Time declined to comment.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Time was up over 25 percent in afternoon trading at $15.93, while Meredith was up over 9 percent at $59.45.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The New York Times was the first to report the potential deal Wednesday evening.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Deal talks between Time, the publisher of Time and People magazines, and Meredith, the publisher of Better Homes &amp; Gardens and Family Circle magazines, had collapsed in April.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Source:https:\/\/www.reuters.com\/article\/us-time-m-a-meredith\/meredith-approaches-time-again-with-koch-brothers-backing-source-idUSKBN1DG2T7<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/meredith-approaches-time-again-with-koch-brothers-backing.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Meredith approaches Time again with Koch brothers backing Meredith approaches Time again with Koch brothers backing: The Koch brothers have agreed to support Meredith\u2019s offer by investing around $600 million, according to the source, who wished to remain anonymous because they are not permitted to speak to the media. Spokesmen [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":52964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[24258,24183,24235,103163],"class_list":["post-52953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-best-usa-latest-business-updates-and-news","tag-current-business-updates-in-usa","tag-latest-business-updates-and-usa-news","tag-meredith-approaches-time-again-with-koch-brothers-backing"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/52953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=52953"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/52953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/52964"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=52953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=52953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=52953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}