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 Post subject: There could be a new 'food media' megacompany!
PostPosted: Fri Nov 17, 2017 2:16 pm 
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Joined: Sat Dec 20, 2008 5:35 am
Posts: 2161
Location: Regina, Saskatchewan, Canada
From Eater: "Meredith Corp, the media powerhouse behind Better Homes & Gardens and Martha Stewart Living, is pursuing a takeover of Time Inc., the company that publishes Food & Wine and Cooking Light. The acquisition would mean that Meredith would own several of the top competing food mags and recipe hubs, including both All Recipes and My Recipes. The New York Times notes that the Koch brothers reportedly raised more than $500 million in financing for the company’s potential takeover, although two of Meredith’s executives are denying that negotiations are underway. Stay tuned for any new details on this potential acquisition as they become available."


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 Post subject: Re: There could be a new 'food media' megacompany!
PostPosted: Sat Nov 18, 2017 11:54 pm 
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Joined: Thu Dec 18, 2008 1:03 am
Posts: 5111
Location: Portland, OR
Wait, the Koch Bros own Martha Stewart Living?

That seems ... unexpected.

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 Post subject: Re: There could be a new 'food media' megacompany!
PostPosted: Tue Nov 21, 2017 7:36 am 
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I thought they already owned pretty much everything....

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 Post subject: Re: There could be a new 'food media' megacompany!
PostPosted: Tue Nov 21, 2017 10:52 am 
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Joined: Fri Dec 19, 2008 10:45 pm
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Location: Ottawa, ON
Martha Stewart Living is a pretty good fit with Better Homes & Gardens and the other properties. In the modern media landscape I think the big media companies are looking to own everything in the hopes of staving off someone sneaking up on them with some web property. Of course, they can still be disrupted from outside. Something like Serious Eats can sneak up on you and clobber you before you know what hit you.


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 Post subject: Re: There could be a new 'food media' megacompany!
PostPosted: Wed Nov 22, 2017 1:08 am 
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Yeah, it's just that the Koch brothers are pretty much the right wing of the USA, and Martha Stewart is a well-known Democratic Party booster.

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 Post subject: Re: There could be a new 'food media' megacompany!
PostPosted: Wed Nov 22, 2017 9:13 am 
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Joined: Tue Feb 03, 2009 5:03 pm
Posts: 1080
Divide and conquer! If folks are complying about recipe websites they won’t notice the wholesale ravishing of the country’s resources.


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