Salesforce Tech Billionaire Buys Time Magazine From Meredith
NEW YORK (CBSNewYork) – Time Magazine has a new owner this morning.
The Meredith Corporation says it has sold the title to tech billionaire Marc Benioff, CEO of Salesforce, and his wife Lynne.
The reported sale price was $190 million.
It is yet another case of a billionaire buying an established publication.
Amazon CEO Jeff Bezos now owns the Washington Post, and a health care billionaire owns the Los Angeles Times.
