Wednesday, 17 October, 2018

Salesforce chief Marc Benioff buys Time for $190m

Lloyd Bates | 17 September, 2018, 15:14

That purchase brought Mr Bezos a Pulitzer Prize-winning, 140-year-old newspaper but also put him in the cross hairs of President Donald Trump, who has called the Post an "expensive lobbyist" for Amazon.com Inc.

The Time transaction immediately called to mind Jeff Bezos's purchase of The Washington Post for $250 million.

Lynne Benioff and Marc Benioff attend GLAAD Gala San Francisco 2016 on September 8, 2016 in San Francisco, California.

Benioff was among the potential buyers rumored to be interested in Fortune, which along with Sports Illustrated and Money are still up for sale and Benioff is not buying them. Those decisions will continue to be made by Time's current executive leadership team, the announcement said.

"The power of Time has always been in its unique storytelling of the people & issues that affect us all & connect us all", Marc Benioff wrote on Twitter.

The proposed sale is expected to close within 30 days. Meredith expects to announce agreements for the remaining asset sales in the near future. Beyond the five-year plan, what will TIME look like in 2040?

Trumps Supreme Court pick Brett Kavanaugh accused of ‘sexual assault
And of course, the White House has responded by sending out letters from women who knew Kavanaugh in high school. It's a true "she said, he said" - or, rather, "they said", since two people deny this incident ever happened.

Jaime Munguia Talks Canelo-Golovkin, Cook, More
Alvarez, whose only defeat in a 52-fight career was a 2013 loss to Floyd Mayweather, admits the accusations have riled him. Mexico's Alvarez (49-1-2, 34 knockouts) meanwhile came in at 159.4 pounds, well within the 160lb limit.

At Least 5 Dead from Hurricane Florence
The Miami-based center says Florence is bringing "catastrophic" fresh water flooding over a wide area of the Carolinas. The hurricane center predicts as much as 101 centimeters (40 inches) of rain for some parts of North Carolina.

Meredith has said that the Benioffs will not be directly involved with the title, and will have no say in its editorial decisions.

With the Time acquisition, the Benioffs also will inherit a business facing declines in print readership and advertising as the media landscape continues its shift to digital.

"For over 90 years, TIME has been at the forefront of the most significant events and impactful stories that shape our global conversation", said Tom Harty, Meredith's chief executive, in a statement.

Meredith bought Time magazine and the rest of Time Inc. last November.

Meredith management has said that it's selling some of the acquired titles because they have different audiences and advertisers than most of its other magazines - a collection that focuses on entertainment, food, lifestyle, home, parenting, beauty and fashion.

"We can't imagine better stewards for TIME than Marc and Lynne Benioff".

Recommended

  • Joker Director Todd Phillips shares first glimpse of Joaquin Phoenix as Arthur

    Joker Director Todd Phillips shares first glimpse of Joaquin Phoenix as Arthur

    It will be made on a budget of 55 million dollars and will be more of a dark character study than the usual comic-book caper. DC's upcoming project based around the iconic Batman villain was wise to select an actor of Joaquin Phoenix's quality.
    Storm chaser records Florence battering Carolina coast

    Storm chaser records Florence battering Carolina coast

    Mackie rode in a boat through a flooded neighborhood, navigating through trees and past a fencepost to get to the Knox house. Hurricane Florence is bearing down on North Carolina but not as much as one weather reporter would have you believe.
    Amazon's Bezos comments on Trump criticism

    Amazon's Bezos comments on Trump criticism

    Amazon has come under heavy criticism for how workers are treated at its distribution centres and its tax contributions. He said he did not know how much money he would eventually give away.
  • RT: Novichok poisoning accused will never speak to journalists again

    RT: Novichok poisoning accused will never speak to journalists again

    In the television interview , they denied they were GRU agents and claimed to work instead in the nutrient supplements business. When asked about recent trips to Switzerland they said that they were just looking for new innovations.
    United Kingdom  govt publishes Brexit advice for telcos, broadcasters

    United Kingdom govt publishes Brexit advice for telcos, broadcasters

    A failure of that plan, and a subsequent departure without an agreement, would leave producers facing heavy tariffs, they added. The CBI said the notices also showed the extent of disruption consumers can expect if "ideology wins over evidence".
    Harry Winks Starts - Tottenham Hotspur Team vs Liverpool Confirmed

    Harry Winks Starts - Tottenham Hotspur Team vs Liverpool Confirmed

    They're a very good team, but we are as well. "Gary should come over and tell me exactly how that would work", Klopp said. We lost [Philippe] Coutinho [to Barcelona], but signed three or four top players.
  • Eliud Kipchoge smashes marathon world record in Berlin

    Eliud Kipchoge smashes marathon world record in Berlin

    Gladys Cherono won the women's race in 2 hours, 18 minutes, 11 seconds, a women's record for the Berlin marathon. I ran my own race, I trusted my trainers, my programme and my coach".
    Isaac is now the 5th hurricane in the Atlantic

    Isaac is now the 5th hurricane in the Atlantic

    It is more likely that Ireland, Scotland and northern England will see winds of 10 to 20mph, and gusts up to 40mph. AST (0300 UTC), the center of Tropical Storm Joyce was located near latitude 32.9 north, longitude 44.4 west.
    The groundbreaking new Apple Watch feature that could save your life

    The groundbreaking new Apple Watch feature that could save your life

    Storage isn't as generous as that offered on the more expensive devices, with just 64GB, 128GB, and 256GB options. Both come with a dual camera behind them - 12 megapixel and telephoto lens - and a 7-megapixel camera in front.
  • Storm Helene wind warning lifted

    Storm Helene wind warning lifted

    Road, rail, air and ferry services may be affected, with longer journey times and cancellations possible. STORM Helene is expected to bring gusts of wind of up to 85mph across Wirral next week.
    'If in doubt, throw them out': Needles in strawberries prompt warning

    'If in doubt, throw them out': Needles in strawberries prompt warning

    Victoria Police said what appeared to be sewing needles were located in two punnets in separate regional Victorian towns. They suspect the Love Berry, Delightful Strawberries and Oasis labels have also had sewing needles inserted in them.
    Ex-Trump campaign boss reaches plea deal

    Ex-Trump campaign boss reaches plea deal

    The charges in the information say that Manafort will have to forfeit property that was derived from or traceable to his offenses. It's unclear how the possible deal might affect Manafort's pursuit of a pardon from President Donald Trump.

Packers: Three takeaways from Week 2 tie with Vikings Packers: Three takeaways from Week 2 tie with Vikings Matthews didn't go high, he didn't go low, he wasn't late, he didn't put his weight on Cousins and he didn't use his helmet. A call against Clay Matthews changed the outcome of Sunday's Packers-Vikings game, and the Green Bay linebacker is heated.

London's Arsenal to play with Azerbaijani "Karabakh" in UEFA Champions League London's Arsenal to play with Azerbaijani Arsenal were handed a seemingly easier task against Sporting Lisbon, Azerbaijani club Qarabag and Vorskla of Ukraine. Steven Gerrard's men overcame Shkupi, Osijek and Maribor, before seeing off Ufa in the play-offs.

Hailey Baldwin Shuts Down Rumors: 'I'm Not Married Yet' Hailey Baldwin Shuts Down Rumors: 'I'm Not Married Yet' During their time at the courthouse, Justin was reportedly crying and telling Hailey: "I can't wait to marry you, baby". Speaking about their wedding, TMZ reports that the celebrity couple will be reportedly getting hitched in Canada.

Outer rain bands approaching N. Carolina coast Outer rain bands approaching N. Carolina coast President Donald Trump touted the government's readiness and urged people to get out of the way of Florence. Florence was a Category 3 hurricane on the five-step Saffir-Simpson scale with 120-mph winds on Thursday.

The startling stats that show the power of Hurricane Florence The startling stats that show the power of Hurricane Florence According to the Saffir-Simpson Hurricane Wind Scale, people caught in a Category 4 storm can expect to see "catastrophic damage". A hurricane watch is in effect for the North and SC coast. "This rainfall may produce life-threatening flash flooding".

Chelsea need another step to be Premier League contenders, says Sarri Chelsea need another step to be Premier League contenders, says Sarri Sarri is known as a heavy smoker and said during the worldwide break his father was trying to persuade him to quit. Terry won five Premier League titles and a Champions League among numerous trophies during his time at Chelsea .

Eminem responds to MGK's diss track with his own, "Killshot" Eminem responds to MGK's diss track with his own, Following Machine Gun Kelly's "Rap Devil" diss , Eminem has responded with his own scathing diss track . This came in the middle of another white-rapper feud for Machine Gun Kelly, against G-Eazy.

Samsung Galaxy Note 8 update adds Super Slow-motion, AR Emojis Samsung Galaxy Note 8 update adds Super Slow-motion, AR Emojis Answering a question that asked whether the statement indicated 2-front and 2-rear cameras, Ice Universe replied " all back ". No time or location for the event has been confirmed, but it will be broadcast live on the company's website.

Apple Watch Series 4 Launched with Bigger Display & Built-in ECG App Apple Watch Series 4 Launched with Bigger Display & Built-in ECG App This allows radio waves to pass through both the front and back of the device, making the Series 4 better for staying connected. The Apple Watch also undergone a hardware overhaul, and Series 4 comes with a new built-in ECG (electrocardiogram) scanner now.

US, Canada still have work to do on NAFTA US, Canada still have work to do on NAFTA Freeland told reporters at the Women in the World event in Toronto, without commenting further on the state of the trade talks. He said Canada and the United States spent a lot of time last week reconciling what the US and Mexico had already agreed upon.

SpaceX is sending someone to Moon on its rocket SpaceX is sending someone to Moon on its rocket The BFR is SpaceX's newest rocket, a super powerful launch vehicle with 31 engines and the capacity to lift 150 tons into space. And Jeff Bezos, the founder of Amazon, is also working with his company, Blue Origin, on getting tourists to space.

Too much asked of tired World Cup stars for Klopp Too much asked of tired  World Cup stars for Klopp Liverpool FC are still aiming to win their first trophy since Jurgen Klopp's appointment at Anfield back in October 2015. "The Champions League - if I was Liverpool , I would kick it into touch", Neville said.

US Open: Djokovic earns his third title US Open: Djokovic earns his third title Novak Djokovic of Serbia celebrates with his wife Jelena Djokovic after winning his men's Singles finals match. Del Potro would not rue how many of those could have been his had he been injury-free all those years.

On Puerto Rico, Trump Is Right On Puerto Rico, Trump Is Right Some of Trump's critics denounced his latest tweets and statements on how he handled the response to Maria nearly a year ago. This was a disgusting storm", he said. "Those are just the facts of what happened".

Kerala nuns join public protest demanding arrest of bishop Kerala nuns join public protest demanding arrest of bishop Across Kerala, anger is rising that law enforcement has yet to arrest the bishop, despite multiple accounts against him. Terming the allegations against him as "serious", the bishop said only three persons knew the truth.