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They're backing Meredith Corp., which has traditionally been uninterested in owning Time magazine. Let's see if that changes... Why do the Koch brothers want to own a piece of Time Inc.? We still don't know, but we're getting closer to an answer: Meredith Corp., backed by a $600 million investment from billionaires Charles and David Koch, is finishing its deal to buy Time. I've been told the deal should be finalized later today; The New York Times reported that the two companies' boards are meet...
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