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Where are the Pepshi brothers when you need âem?
[The Hustle]( Tues, Nov 28
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Time, Inc. bought for $2.8B⦠with a little help from the Koch brothers
On Sunday, Midwest-based publisher Meredith inked a deal to buy out Time, Inc. -- the company behind mags like Time, Sports Illustrated, Fortune, and People -- for [$2.8B in cash](.
But the deal came with a twist that has alarm bells ringing across the media world: about ¼ of the funds ($650m) came from Charles and David Koch, billionaire brothers whoâve used their clout to support and promote conservative causes.
A tale of two publishers
Launched in 1930 with the vision of capturing the hectic nature of the urbanized world, Time, Inc. now owns more than 100 magazines brands and 60 digital properties. But, in recent years they, like other old-school publishers, [have fallen on hard times](.
Meredith comes from a different world: best-known for publications like Better Homes and Gardens and Midwest Living, the company has able maintained a more niche, but loyal readership.
Theyâve tried to buy out Time, Inc. twice before (once in 2013, and again earlier this year) but were unable to secure enough fundingâ¦
Until the Koch brothers came along
Meredith maintains that the $650m investment from Koch Industries will not give the brothers seats on the board, or any power to influence editorial content. (A [spokesman]( for the Koch bros called it a âpassive investmentâ that is strictly a âmoneymaking opportunity.â)
But on paper, Time doesnât seem like a killer investment -- and some believe the move is more of a power play to gain political influence through Timeâs millions of readers and robust consumer data.
Per [Axios]( there is nothing in the companiesâ [84-page merger agreement]( that explicitly relegates the Koch brothers to âpassivity.â
In the short term, this does bode well for Time, though: when the news broke, their stock hit a 6-month high.
The party line of Koch
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Cities are pulling out some pretty uncool stops to host Amazonâs new HQ2
The desperate courting efforts made by cities across the US and Canada to land Amazonâs new headquarters have gone from charming, to weird, to straight-up bribery. Â Â
There have been [238 proposals]( since the announcement was made in early September, and with Amazonâs promise to create 50k high-paying jobs wherever it lands next, some cities are taking things wayyy too farâ¦
Take Chicago for instance
The windy city is so set on getting the new HQ2 that they have proposed a major tax break to the company, essentially allowing Amazon to keep [$1.32B]( of personal income taxes paid by their employees. Thatâs money that should be funding public schools and fixing potholes.
Worse, according to the Chicago Readerâs Ben Joravsky, this Amazon tax break could spell a tax hike for the people of Chicago if they win the bid.
And theyâre not the only ones checking their dignity at the door
Here are some other hail marys to get into Amazonâs pants:
- Newark, NJ offered a tax break of [$7B](
- Chula Vista, CA offered an [85-acre]( plot of land valued at $100m and a $300m tax break
- Stonecrest, GA offered [345 acres]( of land renamed, âthe city of Amazonâ
Itâs like the movie Rat Race. Only in this version, Mr. Bean dangling from a hot air balloon in hopes of winning his fortune is a lot less funny.
[Itâs a Mad, Mad, Mad, Mad World](
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Kid-related content on the internet has gotten weird, and YouTube plans to clean it up
With the Internet being the Wild West that it is, itâs no surprise YouTubers have found another way to game the system. Unfortunately, theyâve found that the most gameable target is kids.
Because, as any babysitter knows, kids mean views -- multiple views of the same video. Over and over again as long as it takes to stop the crying.
This has lead to a new âtube trend of highly optimizable videos aimed at tricking kids into thinking it is something that itâs definitely not.
Kid vids have done gone surreal
Some of these vids (which have millions of views, mind you) consist of weird Sims-like animation, oozing with a distant, goofy morbidity.
Things like an animated bucktoothed teen learning how to survive [being buried alive]( or a live-action Spider-man toy cleaning poop off a baby doll titled, [âBad Baby Doll & Spiderman Learn Colors](
Not gonna lie, sounds pretty frigging awesome⦠Â
BUT NOT FOR KIDS!Â
Or at least thatâs the debate. And since some experts believe a video of a mob of Disneyâs Sofias shoving a [toy pig in an oven]( to make a ham sandwich may have [lasting]( effects on children, YouTube isnât taking any chances.Â
Theyâre [tightening the leash on content]( controls and making it harder for these âoffendersâ to monetize their highly-viewed, thinly-veiled, play for ad dollars.
[Bring back Muppet Babies](
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COMING IN HOT: New sauna research
New studies show that at least some of the wild health claims of Sauna âbathingâ [have substance to them](.
Hereâs the good and bad science-backed news about your favorite Finnish heat therapy:
What they do do: lower risk of stroke, heart disease, and dementia
A [Finnish study]( that followed the sauna habits and health of 2.5k men for 20 years found that regular sauna-goers are far less likely to die of heart disease and stroke or to [develop dementia](.
And research from this year shows that getting saunaâd 4-7 times a week (AKA, saunaholics) [can reduce high blood pressure]( by nearly 50%, and improve chronic pain symptoms in diseases like arthritis.
Scientists attribute these benefits to increased heart rate and widening blood vessels, which increases circulation, similar to the effects of regular exercise.
What they wonât do? âDetoxâ your bodÂ
Even new-fangled âinfrared saunasâ (which supposedly enable a greater purging of âtoxinsâ) have absolutely [no scientific evidence]( to back up their claims.
FACT OF THE DAY: âFor most people, sweating a lot does not detoxify them at all. Because the kidneys are doing it. Sweatâs main job is to keep us cool.â -- Dee Anna Glaser, dermatology professor and president of the International Hyperhidrosis (excessive sweaters) Society
Thatâs right people; youâre not gonna go âsweat outâ your alcohol, flu, lactic acid -- or whatever Fern Gully âblack gooâ you imagine is floating around in your bods -- via sauna. But weâll take healthier [tickers]( any day.
[Get sauna-wasted for your health](
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a few good reads
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Turtles survive hibernation by breathing through their butts ([Business Insider](
Youâre welcome.
âIf you buy my lamp, you wonât need drugs.â ([Priceonomics](
Or so Edward Craven Walker, creator of the lava lamp, promised his psychedelic-loving fanbase. A rollercoaster story of the rise and fall (and rise again) of the lava lamp, and the eccentric fighter-pilot-turned-nudist who invented it.
Why the heck are we getting spam calls again? ([The Outline](
In 2004, Bill Gates announced at the World Economic Forum, âtwo years from now, spam will be solved.â Well, itâs 2017 and robocalling is back with a vengeance. What happened to the âDo Not Callâ list, and are we doomed to a future of spambots?
How the sandwich consumed Britain ([The Guardian](
Walk around in the UK for a while, and youâll see them: cold, packaged sandwiches -- hundreds of them -- lining the perishables section at grocery stores in saran-wrapped orbs. Hereâs how this unassuming meal became an £8bn-a-year business.
Where unsellable wine goes to die ([Quartz](
Ever wonder what wineries do with all their unsold, already-corked bottles? They take them to Parallel Products, an industrial wasteland that smells like "wet garbage mixed with an electrical fire."
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