Giving a feeling of shock to many, Marc Benioff, the co-founder of Saleforce, has brought the popular UK-based magazine Time from Meredith Corp.
Time is one of the most popular, as well as most influential, print media publications published from the United Kingdome. It has presence in almost all countries across the globe. It is one of the prime pillars of liberal voice in the world. It is around hundred years old. All these years, it has relentlessly worked for the betterment of voiceless. A bad trend of the acquisition of less profitable media houses by tech giants prevails in the modern world; recently, a famous print media house Washington Post was purchased by Amazon founder Jeff Bezos. This trend is likely to affect the quality of these publications and the trust people put on these print publications.
Anyway, the new owner of Time has assured he would not interfere with the editorial affairs of the magazine.
It is unlikely that he would be able to stick to the promise he has made. As per an observer’s opinion, the tech giants who purchase the print publications only see these publications as a profit making machine. There is a hidden meaning in that statement that most tech giants are less aware of the reason why a media house exists in the world.
Vignesh. S. G
Photo Courtesy: Google/ images are subject to copyright
