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Salesforce’s Marc Benioff is the new owner of Time magazine.
Where Jeff Bezos goes, other tech billionaires follow. The latest titan to invest in print media is Salesforce founder Marc Benioff who, along with wife Lynne, is buying Time magazine. The pair are using $190 million from their personal fortune to buy the esteemed title from current owners, Meredith.
Meredith has said that the Benioffs will not be directly involved with the title, and will have no say in its editorial decisions. It's likely that the pair will use their money and expertise to help Time improve its operations and, by extension, its bottom line. The WSJ believes that the title reaches over 30 million people a month, while its current owners put that figure closer to 100 million.
By Daniel Cooper.
Full story at Engadget.
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