With their acquisition of Time magazine, Salesforce.com Inc. co-founder Marc Benioff and his wife Lynne will take on a publication racing to find digital revenue to offset a steep erosion in the print business, according to people familiar with the magazine’s financials. The Benioffs announced Sunday they were buying Time from Meredith Corp. for $190 million, a deal expected to close within 30 days.

Source: Wall Street Journal September 17, 2018 17:34 UTC