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Meredith Corp. To Sell 'Time' Magazine To Salesforce Founder For $190 Million
9 monthes ago - By NPR
Almost eight months after Meredith finalized its purchase of Time Inc., the publishing giant says it reached a deal to sell Time magazine to tech billionaire Marc Benioff and his wife Lynne Benioff. (Image credit: Eric Baradat/AFP via Getty Images)
Read more ...Salesforce CEO Marc Benioff and his wife are buying Time Magazine for $190 million
9 monthes ago - By Chron
Melia Robinson/Business Insider
Salesforce CEO Marc Benioff and his wife Lynne Benioff will buy Time Magazine for $190 million.
The announcement comes just eight months after Meredith Corp., publisher of several popular print publications, completed its purchase of Time.
In a note relayed by Time editor-in-chief Edward Felsenthal, Benioff said he and his wife would have "no operational responsibility" for the weekly outlet, and acquired it as an investment.
Salesforce CEO Marc Benioff and his wife Lynne Benioff will buy Time Magazine for $190 million.
The sale comes just eight months after...
Read more ...Marc and Lynne Benioff will buy Times magazine from Meredith for $190M
9 monthes ago - By Tech Crunch
Another tech billionaire will scoop up a major news outlet. Meredith Corporation, which acquired Time Inc. in January, announced today that it has agreed to sell its eponymous magazine to Salesforce.com co-founder Marc Benioff and his wife Lynne Benioff for $190 million.
Meredith said in March that it planned to sell Time, Sports Illustrated, Fortune and Money as part of its goal to save $400 million to $500 million over the next two years and increase the profitability of its remaining portfolio of publications. In its announcement today, the company said it will use proceeds from the...
Read more ...Salesforce co-founder buys Time magazine for $190M
9 monthes ago - By Review Journal
Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday.
Read more ...Time Magazine sold to tech billionaire Marc Benioff
9 monthes ago - By Washington Post
Salesforce.com owner Marc Benioff and his wife, Lynne, are buying the magazine for $190 million from Meredith Corp. The sale comes months after Des Moines, Iowa-based Meredith, owner of Family Circle and Better Homes & Gardens, purchased Time Inc. for $2.8 billion.
Read more ...Salesforce CEO Marc Benioff and his wife are buying Time Magazine for $190 million
9 monthes ago - By Business Insider
Salesforce CEO Marc Benioff and his wife Lynne Benioff will buy Time Magazine for $190 million.
The announcement comes just eight months after Meredith Corp., publisher of several popular print publications, completed its purchase of Time.
In a note relayed by Time editor-in-chief Edward Felsenthal, Benioff said he and his wife would have "no operational responsibility" for the weekly outlet, and acquired it as an investment.
Salesforce CEO Marc Benioff and his wife Lynne Benioff will buy Time Magazine for $190 million.
The sale comes just eight months after Meredith Corp., which publishes...
Read more ...Salesforce CEO Marc Benioff and his wife are buying Time Magazine for $190 million
9 monthes ago - By Business Insider
Salesforce CEO Marc Benioff and his wife Lynne Benioff will buy Time Magazine for $190 million.
The announcement comes just eight months after Meredith Corp., publisher of several popular print publications, completed its purchase of Time.
In a note relayed by Time editor-in-chief Edward Felsenthal, Benioff said he and his wife would have "no operational responsibility" for the weekly outlet, and acquired it as an investment.
Salesforce CEO Marc Benioff and his wife Lynne Benioff will buy Time Magazine for $190 million.
The sale comes just eight months after Meredith Corp., which publishes...
Read more ...Time magazine sold for $190 million to couple
9 monthes ago - By Chron
WASHINGTON - Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife.
The Wall Street Journal reported that the iconic news magazine is being sold for $190 million to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer.
The sale is occurring nearly eight months after Meredith Corp. completed its purchase of Time Inc.
Meredith, the publisher of such magazines as People and Better Homes & Gardens, had put four Time Inc. publications up for sale in March. Negotiations for the sale of the three other publications - Fortune...
Read more ...Time Magazine to Be Sold to the Salesforce Billionaire Marc Benioff
9 monthes ago - By NY Times
The storied weekly spent less than a year as part of the Iowa-based Meredith Corporation. Its new owners, Mr. Benioff and his wife, are buying it for $190 million.
Read more ...Meredith Corp to sell Time media brand to Marc and Lynne Benioff
9 monthes ago - By Reuters
Meredith Corp said on Sunday it entered into a definitive agreement to sell the Time media brand to Marc and Lynne Benioff for $190 million in cash.
Read more ...
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