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