'TIME' Magazine Purchased by Billionaire Tech Investor

With print media struggling to stay afloat, it comes as little surprise that wealthy tech investors dominate the industry. Keeping in line with that theme, news broke today that billionaire Salesforce CEO Marc Benioff has snapped up TIME Magazine for $190 million USD. Previous owners Meredith Corp., which initially purchased TIME back in November 2017, will relinquish the legacy property to Benioff, who is worth over $6.7 billion USD, and his wife within 30 days. TIME staff was informed that "th...