Time magazine copies are dispalyed on a table in Washgington on November 27, 2017.
Time Inc. is selling for $2.8 billion to media conglomerate Meredith Corporation, which is backed by the billionaire Koch brothers, who are known for supporting conservative causes. Time, which also publishes its eponymous magazine, Fortune, and Sports Illustrated, began looking for a buyer late last year before giving up several months later, while welcoming options.
/ AFP PHOTO / Eric BARADAT (Photo credit should read ERIC BARADAT/AFP via Getty Images)