NewsGuild of New York Statement Regarding Possible Sale of Time Inc. to Meredith Corporation
Though the NewsGuild of New York is disappointed to learn of the potential sale of Time Inc. to the Meredith Corporation because of its questionable union history, we are alarmed that this possible deal is backed by conservative, anti-worker billionaire brothers Charles and David Koch. If Rich Battista, president and CEO of Time, as well as the rest of Time Inc’s management and shareholders care about the journalistic integrity and the legacy of Time Inc., then they will recognize that this potential buyer is irresponsible and will have significant consequences for its employees, readers and the media industry. We understand, Rich, that business is business. But, as the CEO of an important journalistic institution at a time when objectivity and quality journalism is critical to our democracy, you hold an important responsibility to the future of media.
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