Nine Reasons Not to Buy Time Magazine
https://www.nytimes.com/2018/03/27/opinion/nine-reasons-not-to-buy-time-magazine.html Version 0 of 1. Time Inc., the franchise, is being dismantled for scrap. The Meredith Corporation, which acquired the company less than two months ago, recently put Time magazine and three other titles back on the market. An analyst who follows Meredith said the once-venerable magazines aren’t worth much more than $10 million each and will be a hard sell “unless some rich family wants to own them for vanity reasons.” On the contrary: This presents a terrific investment opportunity. But before you plunk down that sum, it’s at least worth considering what else $10 million can get you: A military parade. A diamond bath just like Taylor Swift’s. A pad on Park Avenue. Some fine art for that pad. An episode of “Game of Thrones” produced by you. Wine from your Sonoma vineyard. A Rolls (or 22). Them again. But this time, in your living room. (Mind that end table, Keith!) [Your Name Here] Foundation, just like this guy’s. If none of those appeal, well, just become a publisher. And remember to enjoy the perks and make yourself Person of the Year. |