Time Magazine sold to Salesforce founder Marc Benioff for $190 million

Editor’s note: This is exciting. I worked at Time magazine as a reporter in the summers when I was an undergraduate student at Cal in the late ’70s — in the Los Angeles and San Francisco bureaus. I had some exciting assignments. Now Marc Benioff of Salesforce has purchased the publication — akin to Amazon.com founder Jeff Bezos owning the Washington Post.

I’ve known Marc since I was editor of CNET News in the ’90s. He’s a great entrepreneur (we are longtime Salesforce stockholders), and I think Time will have a rebirth under Marc’s stewardship.

“Time magazine will have a new home,” as the Wall Street Journal is reporting.

“Nearly eight months after Meredith Corp. (MDP -0.57%) completed its purchase of Time Inc., the publisher has agreed to sell Time magazine for $190 million to Marc Benioff, co-founder of Salesforce.com , CRM (-0.44%) and his wife Lynne Benioff.

“The proposed sale is expected to close within 30 days. The Benioffs are buying Time as individuals; the agreement is unrelated to Salesforce.com, where Mr. Benioff also serves as chairman and co-chief executive.

“In an interview, Mr. Benioff said, ‘We’re investing in a company with tremendous impact on the world, one that is also an incredibly strong business. That’s what we’re looking for when we invest as a family.’

“The Benioffs are optimistic about Time’s large audience and growing video business. ‘The power of Time is its unique story telling of the people and issues that affect us all and connect us all,’ said Mrs. Benioff.

The rest of the article is here.

McClintock campaign misrepresents withdrawal from planned CD-4 debate with challenger Jessica Morse

This press release is from the Sierra Business Council:

Sierra Business Council (SBC) is disappointed to announce that the debate scheduled between CA D-4 Rep. Tom McClintock and challenger Jessica Morse has been cancelled due to the McClintock campaign’s decision to “cease all discussions around the event.” We regret that Congressman McClintock’s campaign has misrepresented these events to the public via social media.

The McClintock and Morse campaigns were sent an invitation to a public debate hosted by SBC and the North Lake Tahoe Resort Association (NLTRA) on July 30th, 2018, with the intention of offering the Tahoe-Truckee region a chance to hear from their congressional candidates on issues ranging from wildfire prevention and natural resource conservation to economic revitalization and workforce development. Both parties responded in affirmation and the process set forth in selecting a date and determining the debate format.

Following the initial confirmation of the debate, communication efforts with the McClintock campaign slowed. SBC moved forward with identifying available venues that could hold the hundreds of constituents expected to turn out to hear from their candidates, but failed in garnering a response from the McClintock campaign regarding suggested dates.

As co-hosts, SBC made sure the debate format proposed was completely non-partisan and balanced, was offered to and eventually accepted by both parties, and included an independent third party moderator and independent panel of journalists to ask questions. At the request of Mr. McClintock the format did not include questions from the floor. As recently as Friday September 7th Mr. Jon Huey, Congressman McClintock’s campaign manager, was continuing to approve changes to the format of the debate and confirmed their participation.

On Monday morning, September 10th, immediately following an email to SBC President Steve Frisch, the McClintock campaign announced via Twitter that due to a “lack of candor by the host,” Congressman McClintock would be withdrawing from the debate.

The explanation offered states that Mr. Frisch withheld information regarding his individual endorsement of Morse. In fact Mr. Frisch clearly informed Mr. McClintock’s campaign manager of his personal endorsement of and support for Ms. Morse in his initial phone call with Mr. Huey to discuss the details of the event on July 31th, 2018.

In short, the McClintock campaign characterization of the candor of Mr. Frisch and their characterization of the events leading up to their cancellation of the event are patently false. It is disappointing that the McClintock campaign would misrepresent what happened.

SBC is disappointed that the McClintock campaign was not more forthcoming regarding any concerns about individual political leanings within the organization and disheartened that the campaign would falsely accuse Frisch and the organization of maltreatment and use it as a reason to back out of a debate.

We are also saddened that the constituents of the Tahoe-Truckee area and all of CA D-4 will be denied the opportunity to hear from their opposing congressional candidates on the issues that matter most to them. We would have assumed that any candidate would welcome the opportunity for a fair and open debate; unfortunately this candidate appears simply not interested.

This release was written in response to publicly made claims and is not an endorsement of any political candidate.

“Tower of Voices”: A New 9/11 Memorial

Today is the 17th anniversary of the 9/11 attacks, and Americans are commemorating and rebuilding what was lost in 2001, as CBS This Morning is reporting. Near Shanksville, Pennsylvania, the Tower of Voices was dedicated on Sunday as the final piece of the Flight 93 National Memorial. Chip Reid reports.

Meanwhile, a visit to the 9/11 museum in New York, which I visited in 2014, is HERE.

Matteo’s Farewell

Matthew, Morgan, Michelle and Matt Margulies
(Credit: Matt)

Editor’s note: Our friend Matt Margulies shared this. A wonderful family.

To our community,

It is with a heavy heart that we are closing Matteo’s Public.

The reason is for closing is not as important as the reason for opening.

Our children grew up in this place we call “the Pub.” Morgan was 8 years old and Matthew was 11 when we opened in 2009.

In the 9 years we have been open, we have made so many human connections. A giant family grew out of our passion for people and community.

Our staff! So many have come and gone through these doors. Some only were around for a few days, others for years. The heart and dedication from the majority of our staff is unparalleled. They took exceptional ownership and pride — uncommon in the restaurant business.

The word family is not lost here. Many “Matteo’s babies” were born. I think the count is 12. Some were from families that already were established and others from employees falling for one another … and well, you know how that goes.

We have proudly supported our local farmers and ranchers. Our imaginative “pub fare” has included organic ingredients when possible, and we’ve embraced sustainability.

Our ability to support live music in the way that we did has been an amazing privilege. When we opened, we knew that music would fill the air. So many great memories of our local talent. Supporting our local artists truly filled our walls — and our hearts and souls.

The Wild & Scenic Film Festival, Joe Cain day (Mardi Gras), Victorian Christmas, Summer Nights, First Friday Art Walks, to-go food for the Red Hot Chili Peppers, or having a pint and fish ‘n’ chips with Sir Patrick Stewart.

Amazing beer dinners, hosting some of the top names in the craft beer business. Engagements, first dates, wedding rehearsals, birthdays, anniversaries, and memorials. Frequent fundraisers to support our nonprofits, and free Thanksgiving meals.

Over 2,400 gratitude bowls to people in need. Returning customers, whether it was daily, weekly or a yearly visit to our little town.
These are a few of the memories that will always stay with us.

The best complement I received was from a patron who had never been to Nevada City. It was a Saturday night during December. We were crazy busy, and she sat at the bar for a few hours by herself. Before she left, she asked me if I was the owner. (Gulp) “Yes,” I said, “Is there something I can do for you?” She responded, “I don’t know you, but I feel like I am in your living room.” Then she complimented the staff, tipped the musician and walked out the door.

A heartfelt thanks to all of you who have graced our little pub during the past nine years, and let us be your “Cheers” (a place where “everybody knows your name.”)

I am sure we will see you around town.

With love and gratitude,
Matt, Michelle, Matthew and Morgan Margulies

NYT Op-Ed essay: “I am part of the resistance inside the Trump administration”

The Times today is taking the rare step of publishing an anonymous Op-Ed essay. We have done so at the request of the author, a senior official in the Trump administration whose identity is known to us and whose job would be jeopardized by its disclosure. We believe publishing this essay anonymously is the only way to deliver an important perspective to our readers.

“President Trump is facing a test to his presidency unlike any faced by a modern American leader,” according to the Op-Ed essay.

“It’s not just that the special counsel looms large. Or that the country is bitterly divided over Mr. Trump’s leadership. Or even that his party might well lose the House to an opposition hellbent on his downfall.

“The dilemma — which he does not fully grasp — is that many of the senior officials in his own administration are working diligently from within to frustrate parts of his agenda and his worst inclinations.

“I would know. I am one of them.

“To be clear, ours is not the popular ‘resistance’ of the left. We want the administration to succeed and think that many of its policies have already made America safer and more prosperous.

“But we believe our first duty is to this country, and the president continues to act in a manner that is detrimental to the health of our republic.

“That is why many Trump appointees have vowed to do what we can to preserve our democratic institutions while thwarting Mr. Trump’s more misguided impulses until he is out of office.”

The post is here.