The Sulzbergers. The Grahams. The Murdochs, and more recently Jeff Bezos. The wealthy have a long track record of buying - then running - influential media outlets. So what's the big deal when Charles and David Koch announced their backing of Meredith Corporation's most recent attempt to buy Time Inc.?
The big deal, of course, is the Koch brothers' libertarian politics. But the news industry's travails in recent years have derailed the careers of a great many journalists. So many who would normally criticize the Kochs' involvement are viewing them as something of a savior. Courtesy Vanity Fair.