Magazine purchased by tech billionaire

magazine has been sold to a Silicon Valley billionaire, said Thomas Heath in The Washington Post. The buyer is Salesforce.com owner Marc Benioff, together with his wife, Lynne. Time’s parent, Meredith Corp., parted with “the storied publication, whose cover images for decades helped shape the national conversation,” for $190 million. Benioff, whose company develops business software, is known for sprinkling his business philosophy with principles taken from Zen Buddhism. Time joins a cluster of media titles such as the Los Angeles Times, The Atlantic, and The Washington Post that have wealthy new owners with tech industry ties.