Robert Reich: The Kochs Just Scored a Major Media Coup

Tonight, the Koch brothers invested $650 million so the Meredith Corporation could buy Time Inc. – which, in addition to its flagship magazine, Time, also publishes People, Fortune, and Sports Illustrated.

In announcing the deal, Meredith said that the Koch’s would “have no influence on Meredith’s editorial or managerial operations.”

Rubbish. The Koch Brothers don’t invest $650 million for nothing. My guess is they intend to use Time and its other publications — which reach millions of online and print readers — to promote their right-wing conservatism. The investment also gives them a way to combine their cashe of voter information held by a data analytics company controlled by their network, i360, with the publishers’ consumer data.

Is it entirely coincidental that Trump tweeted Friday that he turned down a potential offer to be Time Magazine's coveted "Person of the Year" after, Trump says, the magazine told him he would "probably" be given the honors? (Time denied it had made any such overture.)

For years, Trump has obsessed about Time, even making fake covers to hang in some of his properties. Now the Kochs can make Trump “Person of the Century.”

What do you think?


Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ }}