American Media Inc. Acquires Bauer’s Celeb and Teen Titles

The great year of consolidation continues in the mass-market magazine space. National Enquirer publisher American Media Inc. announced Friday that it has acquired 13 celebrity and teen titles from Bauer Media USA—including In Touch, Life & Style, Closer, J-14, and the recently launched Teen Boss. The deal is expected to close on July 1. Arriving just over a year after AMI acquired Us Weekly from Wenner Media, the purchase leaves the David Pecker-led company with a dominant position on teen and celebrity magazine racks across the country. A joint statement from the companies says that Bauer will focus its U.S. efforts on its women's titles, First for Women and Woman's World, among others, an area in which Bauer says it maintains a "lead position." Regardless, the move represents a significant step back in the U.S. for the German-based company, in a year that's already seen the mergers of Hearst Magazines and Men's Health publisher Rodale; Time Inc. and Meredith Corp.; and the effective dissolution of the aforementioned Wenner Media. AMI reportedly had interest in acquiring at least some of the titles currently up for sale by Meredith Corp., including Time and Fortune, until Meredith CEO Tom Harty publicly confirmed, in March, that those titles will not be sold to Pecker. Signs of a coming shakeup at the Bauer titles first arose in May, when the Post reported that Alexander Hitchen, news editor for In Touch, Life & Style, and Closer, was out after three years with... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2018-06-15 00:00:00 UTC ]

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Time's editor and CEO shares his vision for a magazine under new ownership

When Meredith Corp. put Time magazine on the block following its purchase of Time Inc. in Nov. 2017, it tapped editor-in-chief Edward Felsenthal to spearhead the process. Perhaps an unorthodox role... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2018-12-06 00:00:00 UTC ]
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Meredith sells 'Fortune Magazine' to Thai businessman for $150 million

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[ Crains New York | 2018-11-09 00:00:00 UTC ]
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Fortune magazine sold to Thai businessman for $150 million

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[ Los Angeles Times | 2018-11-09 00:00:00 UTC ]
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Hearst Magazines Announces Sweeping Staffing Changes

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[ AdWeek | 2018-10-10 00:00:00 UTC ]
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Time magazine owner suggests it shouldn't be a weekly anymore

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[ Advertising Age | 2018-10-04 00:00:00 UTC ]
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Tiger Woods, Newlyweds, and a Wildlife Crisis Drove April’s Best-Performing Print Issues

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[ Folio Magazine | 2018-09-19 00:00:00 UTC ]
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Salesforce's Marc Benioff is buying Time magazine, boosting his influence

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[ Los Angeles Times | 2018-09-17 00:00:00 UTC ]
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Agency Brief: Not your average ladies who lunch

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[ Advertising Age | 2018-08-11 00:00:00 UTC ]
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Q&A: Hearst Magazines’ New Chief Content Officer Kate Lewis Wants to Focus on Improving Collaboration

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[ AdWeek | 2018-08-09 00:00:00 UTC ]
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Kate Lewis named chief content officer of Hearst Magazines

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[ Advertising Age | 2018-08-08 00:00:00 UTC ]
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[ Folio Magazine | 2018-08-07 00:00:00 UTC ]
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Watch Hearst Mags Chief Content Officer Joanna Coles exit by treadmill

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[ Advertising Age | 2018-08-07 00:00:00 UTC ]
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[ Advertising Age | 2018-07-26 00:00:00 UTC ]
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[ AdWeek | 2018-07-26 00:00:00 UTC ]
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[ Digiday | 2018-07-26 00:00:00 UTC ]
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[ Advertising Age | 2018-07-25 00:00:00 UTC ]
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[ Crains New York | 2018-06-26 00:00:00 UTC ]
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[ Advertising Age | 2018-06-25 00:00:00 UTC ]
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