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Money can buy you anything, including an ugly shirt line

sudshr47 December 21, 2017

Money can buy you lots of things, but it doesn’t buy taste.

As again evidenced in an unashamedly garish shirt range released by Wyatt Koch — the son of billionaire Bill Koch, of the oil-rich Koch brothers.

The label is called Wyatt Ingraham, and you’re constantly reminded of the company’s tagline “Be Bold™” in an advertisement for the menswear range.

Bold is perhaps an understatement. The shirts feature cash-themed patterns, like one with money bags filled with bills, or another called “Keep The Change” which has dollar signs on it so you can pretend you’re Richie Rich’s dog or some shit. Read more…

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Koch brothers help Meredith buy Time magazine

sudshr47 November 27, 2017

Meredith Corporation is buying Time Inc for $2.8bn (£2.1bn)—and it has some controversial financial backers: the conservative billionaire Koch brothers.

Meredith, which already publishes magazines including Parents, Shape and Better Homes & Gardens, said Charles and David Koch helped fund the deal to acquire Time Inc., the mag’s publisher, with $650 million in preferred equity. Time Inc. includes a variety of major magazine titles including Time, Sports Illustrated, Entertainment Weekly, People, Fortune, and many others.

The deal was unanimously approved by the boards of both companies. Read more…

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Meredith to buy Time with help from the Koch brothers, but says they won’t have any influence

sudshr47 November 27, 2017

It’s official—Meredith Corporation will buy Time Inc. in an all-cash transaction valued at $2.8 billion. Meredith said today it agreed to pay $18.50 per share for all outstanding shares of Time Inc. As reported earlier this month by the New York Times, the deal, which is slated to close in the first quarter of next year, includes equity financing from the billionaire Koch brothers,… Read More