Time | Pixr8 News

Time Magazine is being sold by Meredith Corp to Marc Benioff, a co-founder of Salesforce, and his wife. The sale is occurring nearly eight months after Meredith Corp. completed its purchase of Time Inc. The Wall Street Journal reported that the iconic news magazine is being sold for USD 190 million to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer. Meredith, the publisher of such magazines as People and Better Homes & Gardens, had put four Time Inc publications up for sale in March. Launched by Yale graduates, Time Magazine first went on sale in March 1923 with a cover price of 15 cents. Its circulation was a modest 9,000 copies, according to a corporate history written by Robert T. Elson. Its online platform Time.com audience grew to 31.7 million...

"To reduce India's humungous fuel import dependency, as well as to tackle the menace of vehicular pollution in our cities, the government needs to galvanize the eco-system for E-vehicles in the country. The Union budget 2016-17 can be an ideal exercise in this direction and built upon the momentum over the previous budget", said Sohinder Gill, director of the Society of Manufacturers of Electric Vehicles (SMEV). He reminded the government that in the previous union budget 2015-16, FAME India (Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India) policy was unveiled, and lamented that the sale of electric vehicles has not picked up as expected. Mild hybrid vehicles have a marginal effect on emissions and crude oil consumption, but being the easiest to implement, ...

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Time Magazine Sold For $190 Million

Time Has Came To Accelerate Electric Mobility Sale