Koch brothers didn’t ask for Meredith board seat
The Koch brothers didn’t ask for a board seat at Meredith Corp. when they invested $650 million in Meredith’s purchase of Time Inc., the Des Moines Register reported. Meredith’s $2.8 billion acquisition of Time Inc. had been in the works for a long time, but the infusion by Koch Equity Development surprised many. Koch will have no influence on editorial content or board decisions, Meredith officials said.
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