Time Inc. Sells Itself to Meredith Corp., Backed by Koch Brothers
Meredith, based in Des Moines, is a Midwestern publisher through and through. Its founder, Edwin Thomas Meredith, entered the media business in 1902 with a magazine called Successful Farming. He soon began the still-thriving Better Homes and Gardens, which has a circulation of more than 7 million. Its popular magazines have long focused on families…

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