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Meredith Corporation Selling Time Magazine for $190 Million
Another billionaire tech CEO is buying a prestigious print publication. This time it's Salesforce CEO Marc Benioff and his wife Lynne Benioff. They are buying Time Magazine for $190 million from Meredith Corp. "The Benioffs will hold Time as a family investment," Time editor in chief Edward Felsenthal told his staffers when the deal was announced on Sunday night.