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Judd Legum @JuddLegum
, 7 tweets, 3 min read Read on Twitter
1. The Koch Brothers insist they will be purely passive investors in Time Inc.

THIS IS NOT TRUE goo.gl/9jyp38
2. If you want to know what Koch's role will be with Time Inc. I recommend READING THE ACTUAL OFFER. A wild suggestion, I know. goo.gl/9jyp38
3. The commitment letter specifically states that 4x per year Koch will meet with top executives of the company to "to discuss current business, financial and strategic matters." goo.gl/9jyp38
4. Why would a "passive" investor need to meet with top executives 4x per year to discuss strategy. A passive investor would not. But the Koch Brothers are not planning on being passive investors. goo.gl/9jyp38
5. I'd also note that the scope of these discussions is extremely broad. They can discuss all strategic matters which, for a media company, would surely include editorial matters goo.gl/9jyp38
6. The official press releases made no mention of any of this. The Kochs and Meredith pretended they'd be completely hands off. It was purposely deceptive. goo.gl/9jyp38
7. Many articles were written today saying the Kochs would have no influence without actually looking at the commitment letter goo.gl/9jyp38
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