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Tuesday
October 2018
7:39 PM IST
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International News
Time Magazine sold to Marc Benioff for $190 million
 
The iconic news magazine Time is being sold to Marc Benioff, a co-founder of Salesforce for $190 million.

The sale is occurring nearly eight months after Meredith Corp. completed its purchase of Time Inc.

Meredith, the publisher of such magazines as People and Better Homes & Gardens, had put four Time Inc. publications up for sale in March. Negotiations for the sale of the three other publications — Fortune, Money and Sports Illustrated — are continuing.


The purchase of Time by Benioff continues a trend of acquisitions of old-line media institutions by wealthy tech giants. The Washington Post was purchased by Amazon founder Jeff Bezos in 2013 for $250 million.

Time, like other magazines, has struggled with continued declines in print advertising and newsstand sales.

Time, started by Yale University graduates Henry Luce and Briton Hadden, first went on sale in March 1923. The two had first worked together on the Yale Daily News.


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Turkey has proof Saudi writer Jamal Khashoggi was killed: Report
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EU officials warned to prepare for no-deal Brexit
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DR Congo's Dr Mukwege and Yazidi campaigner Murad win Nobel Peace Prize
Trump taps Indian-American to head nuclear energy division
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60 migrants feared drowned in Guinea-Bissau capsize
NYT accuses Trump of engaging in suspect tax schemes
ENTERTAINMENT NEWS
Mohanlal's Odiyan: Official trailer launched
 Finally the wait is over. The much awaited Mohanlal film Odiyan's trailer has been released.
 
Mammootty narrates Odiyan's intro?
Sradha Kapoor as Saina Nehwal: First look poster is out.
Keerthy Suresh and Kalyani Priyadarshan joins Marakkar
KERALA NEWS
Sabarimala row: Protests against SC verdict continue
 Thiruvananthapuram: Members of the Opposition Congress and BJP in Kerala Friday staged demonstration
Balabhaskar's wife Lakshmi shifted to ICU
Idukki dam's one shutter opened
Eight pacts signed after Modi-Putin summit
NATIONAL NEWS
Polling underway for last phase of municipal polls in J-K
 Srinagar: Polling was underway for the fourth and last phase of municipal elections in Jammu and Kas
Minister MJ Akbar Sues Journalist For Defamation Over #MeToo Allegations
Goa Congress Calls Cabinet Meeting in AIIMS 'Desperate Drama', Demands Parrikar's Resignation
‘Flogging a dead horse’: BJP’s comeback on Rahul’s attack on Rafale
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