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Billionaire Salesforce CEO Marc Benioff Acquires Time Magazine

HeadlineSep 18, 2018

And in media news, Salesforce CEO Marc Benioff and his wife Lynne have purchased Time magazine from Meredith Corp. for $190 million. Time magazine is the latest publication to be purchased by a billionaire. Earlier this year, biotech billionaire Patrick Soon-Shiong bought the Los Angeles Times and San Diego Union-Tribune. Two years ago, conservative billionaire Sheldon Adelson bought the Las Vegas Review-Journal, and in 2013, Amazon’s Jeff Bezos acquired The Washington Post.

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