NewsGuild of New York Statement on Purchase of TIME Magazine
Yesterday Meredith announced the sale of TIME magazine to Salesforce chairman and co-founder Marc Benioff and his wife Lynne, a marketing consultant and philanthropist, for $190 million. TIME has been an influential industry mainstay for not only the countless readers looking to the publication for impactful journalism, but for those working in media as well. We look forward to sitting down with Marc and Lynne Benioff to ensure that our members remain protected so that TIME can continue to produce the powerful journalism America needs.
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