G+J USA Publishing, publisher of Family Circle, Fitness and Parents, has been sold to Meredith for $350 million. The sale will make Meredith the country’s second-largest publisher, in terms of circulation, behind Time.
As part of the deal, G+J will sell Parents, Child, Fitness and Family Circle to Meredith, with a close date expected for June 30. Also, as part of the transaction, G+J will have until June 30 to sell the assets of its business titles Inc. and Fast Company to Meredith. If Meredith does acquire those publications it plans to sell them via a private sale or auction.
Would be interesting to find out the valuations for the accompanying websites for these magazines…
And hey, can’t resist this pun: no company wants to touch Fast Company now…
More later…
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