According to a report from Yahoo Finance, Amazon founder/CEO and the world’s second richest man Jeff Bezos considered buying Time Inc. However the billionaire walked away from the idea possibly due to him not liking what he saw. This is unfortunate because Jeff Bezos would’ve been just what the doctor ordered for Time Inc especially based on what has happened at the storied Washington Post since he acquired it. Bezos would’ve no doubt invested in technology to streamline content production and distribution and he would’ve trimmed off all the fat that he didn’t need. The Yahoo Finance story also mentions what we all know and we’ve said it here as well that Time Inc may be off the sale block but its still on the sale block. Meaning CEO Rich Battista and his board are not in a position to turn down another offer especially if its a good one.
Yahoo Finance also blew up speculation that Bob Mercer who is a backer of Breitbart News and a Trump booster may be eyeing a run at Time Inc saying that Mr. Mercer himself didn’t choose to scoop up all those shares of Time Inc. it was a computer algorithm. However the article did paint another Trump booster David Pecker as the more plausible buyer of Time Inc but with a habit of ordering his editorial staff to write stories favoring his friends, this could be a problem for Time Inc Journalists and even some board members. We don’t see Pecker as the plausible buyer here. We’re still keeping an eye on Meredith which is hungry for a deal. The company is said to be interested in Rodale which is up for sale, but we think Meredith’s true love is Time Inc.