The announcement by Meredith said the Benioffs would not be involved in day-to-day operations or journalistic decisions
Time magazine is being sold by Meredith to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced on Sunday.
Meredith announced that it was selling Time magazine for $190m in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer.
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