TV News LIES

Meredith Corp. agreed to acquire Time Inc. for $2.8 billion including debt, swallowing the once-mighty home of Fortune and Sports Illustrated after the internet age wreaked havoc on even the most prestigious magazine titles.

The $18.50-a-share offer is an all-cash one, Meredith said in a statement Sunday. The deal gives Meredith, publisher of Better Homes & Gardens, a larger audience at a time when publishers need to get bigger to compete with Facebook and Google in advertising.

The acquisition also gives the billionaire Koch brothers, who agreed to support Meredith’s offer with an equity injection of $650 million, a foothold in the struggling magazine industry.

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Federal Communications Commission Chairman Ajit Pai will reveal plans to his fellow commissioners on Tuesday to fully dismantle the agency's Obama-era net neutrality regulations, people familiar with the plans said, in a major victory for the telecom industry in the long-running policy debate.

The commission will vote on the proposal in December, some seven months after it laid the groundwork for scuttling the rules that require internet service providers like Comcast or AT&T to treat web traffic equally.

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U.S. President Donald Trump’s attacks on the media are part of a global trend of hostility to freedom of speech and damage the U.S. public interest, a U.N. human rights expert said on Friday.

David Kaye, the U.N. special rapporteur on the freedom of expression, said Trump’s attacks, such as a Feb. 17 tweet listing news outlets that he considered “the enemy of the American People”, were not without purpose.

In the wake of the weekend’s violence in Charlottesville, Virginia—and an unsettling lack of condemnation by the commander in chief—magazines have responded with art. And their critique is anything but subtle.

Over his first 200 days in office, President Trump has inspired his fair share of negative magazine cover art. Here, some of the best:

TVNL Comment:  Today's Der Spiegel, Germany's most widely read magazine, joins other publications with its cover showing the 'true face of Donald Trump.'

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Charles Payne, a Fox Business Network host, has been suspended while 21st Century Fox probes sexual harassment allegations.

“We take issues of this nature extremely seriously and have a zero tolerance policy for any professional misconduct. This matter is being thoroughly investigated and we are taking all of the appropriate steps to reach a resolution in a timely manner,” the cable news network said in a statement.

The Wall Street Journal has fired chief foreign affairs correspondent Jay Solomon for what the paper called a “breach” and ethical lapses over his involvement with an Iranian-born arms dealer.

Washington Bureau Chief Paul Beckett made the announcement to staff during a hastily called meeting on Wednesday after meeting with senior editors in New York the day before. Beckett did not elaborate on Solomon’s situation, only to say that an upcoming Associated Press investigation would have more details. Beckett took no questions and asked any staffers who knew anything about the situation to come forward, according to multiple sources.