Backed by a $650 million cash infusion from the politically conservative Koch brothers, the politically conservative Meredith Corp. has bought Time Inc., the publisher of once-premier glossy titles including Time, Sports Illustrated and People. Charles and David Koch have long sought to shape political discourse through their support of nonprofit organizations, universities and think tanks, but have never owned their own media company; they have gone on the record saying they’re investing in the magazine business because it’s a good investment — not because they want media outlets to carry their conservative messages. [Peter Kafka / Recode]
Net neutrality supporters have a strong legal case to overturn FCC chairman Ajit Pai’s proposed rules repeal in court; the agency is trying to force a vote on its plan on Dec. 14. Analysis of the FCC net neutrality comments found that more than one million pro-repeal comments may have been faked, with 99 percent of the organic comments in favor of keeping rules. FCC Commissioner Jessica Rosenworcel weighed in with a frankly worded LA Times op-ed, saying, “I’m on the FCC. Please stop us from killing net neutrality.” [Tim Wu / The New York Times]
Today is Cyber Monday, which is anticipated to generate more retail income than Black Friday. Some shoppers were surprised to find un-crowded Targets, Best Buys and Walmarts when they dutifully showed up prepared for Black Friday mobs. That’s because the action has been spread out for nearly the full week and was already happening on mobile phones and tablets, where shoppers spent $2.9 billion on Thanksgiving, an 18 percent increase over last year; consumers are expected to spend $107.4 billion online this holiday season, up 14 percent over last year. [Jason Del Rey / Recode]
On Black Friday, HBO was the first advertiser to test Snapchat’s new ad format in the U.S. — HBO’s Promoted Story told viewers to stay home and watch “Game of Thrones” instead. Promoted Stories let advertisers pay to push their Stories to more users, and because they are country-wide, a brand could push their ad to all Snapchat users in the U.S. [Kurt Wagner / Recode]
The New York Times published a big profile of a white supremacist, the “Nazi sympathizer next door.” Then, answering an outpouring of criticism, the NYT took 706 words to responded to everyone who hated its story about the “polite and low-key” American Nazi. Then the Atlantic objected, too. And Quartz ... [Theodore Schleifer / Recode]
New Uber CEO Dara Khosrowshahi talks about his family’s immigration from Iran amid the 1978 revolution — and when he first felt like an American. Khosrowshahi, who came to America at age 9, believes that his background will help him reform Uber’s toxic culture, so, “In contrast to his callously confrontational predecessor, [he] understands what it’s like to be an outsider.” [Steven Levy / Wired]
Here’s why you’re reading this email newsletter: They work. The Washington Post has more than 70 newsletters alone, focusing on topics as varied as politics, faith and parenting (it even has a newsletter that features the best comments). And monetization efforts play second fiddle to a more important business consideration: Driving and retaining digital news subscriptions. [Rob Tornoe / Editor & Publisher]
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This article originally appeared on Recode.net.