Time Inc. Sells Off Its Mexican Magazines to Concentrate on U.S. and U.K.

Time Inc., the owner of People, Time and Sports Illustrated, said Thursday that it had sold Grupo Editorial Expansin, Mexico's second-largest magazine publisher, to the Latin-American private equity firm Southern Cross Group.Terms of the deal were not disclosed.When Time Inc. bought Grupo in 2005 for an estimated $60 million, then-Time Inc. CEO Ann Moore called "international expansion a key element of our growth strategy." She added, "This represents an exceptional opportunity to establish Time Inc. as a major presence in the dynamic Mexican magazine market." Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2014-06-26 00:00:00 UTC ]

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[ Advertising Age | 2014-01-17 00:00:00 UTC ]
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[ Advertising Age | 2013-12-18 00:00:00 UTC ]
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Rewind: Young John Slattery Can't Believe His Luck in This 1980s Sports Illustrated Commercial

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[ Advertising Age | 2013-11-27 00:00:00 UTC ]
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[ Advertising Age | 2013-11-02 00:00:00 UTC ]
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[ Crains New York | 2013-08-07 00:00:00 UTC ]
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[ AdWeek | 2013-07-10 00:00:00 UTC ]
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[ Crains New York | 2012-12-19 00:00:00 UTC ]
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