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.
2016