Nov 26, 2017

Koch-backed Meredith Corp. closing in on deal to buy Time Inc.

Trump holds up a copy of TIME in January. Photo: Jae C. Hong

Meredith Corp., an Iowa based media company, is closing in on a deal to buy Time Inc. for about $2 billion, Reuters reports, citing sources familiar with the negotiations. It was previously reported that the Charles and David Koch promised over $500 million to Meredith to assist with the purchase.

The deal could be announced as early as this week but could also collapse at the last minute, per the sources. Time also owns Sports Illustrated and Fortune magazines.

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Axios

21 mins ago - Politics & Policy

Trump lashes out at governors, urges them to "dominate" protesters

President Trump berated the nation’s governors in a video teleconference call Monday, calling many of them "weak" and demanding tougher crackdowns on the protests that erupted throughout the country following the killing of George Floyd, according t multiple reports.

The big picture: Trump blamed violence on the "the radical left" and told the governors, who were joined by law enforcement and national security officials, that they have to "dominate" protesters and "arrest people" in order to bring an end to the unrest.

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Dave Lawler

2 hours ago - World

Putin sets referendum that could allow him to rule until 2036 for July 1

Putin has not seemed to enjoy governing by video conference. Photo: Alexey Nikolsky/Sputnik/AFP via Getty Images

Russian President Vladimir Putin has set July 1 as the new date for a constitutional referendum that could allow him to remain in power through 2036.

Why it matters: Putin was forced to delay the referendum from April due to the coronavirus pandemic, and has set the date despite Russia's continued struggles to contain its outbreak. Putin's popularity has fallen in recent weeks amid his response to the pandemic and its economic repercussions.

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Dan Primack

2 hours ago - Economy & Business

A busy week for IPOs despite upheaval from protests and pandemic

Illustration: Eniola Odetunde/Axios

This week is expected to be the busiest for U.S. IPOs since February, with Warner Music leading a group of four companies that could raise over $3 billion.

Why it matters: This shouldn't be happening, under any traditional rubric for how markets work.

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