Monday, January 3, 2011

Hearst Magazine Shopping in Paris

Elle (magazine)Image via WikipediaCar & Driver and foreign editions of Elle magazine are among the periodicals that may be joining the Hearst Corp. stable of more than 200 magazines, according to Bloomberg News.

France's largest publisher, Lagardere, is negotiating with the New York-based Hearst for a possible cash purchase of its international magazine titles, Bloomberg reports. The move would enable the French media giant to focus on its book publishing and domestic periodical holdings.

Were the sale to go forward, Lagardere would attempt to retain editorial control of ElleCosmopolitan and Good Housekeeping are among the journals owned by Hearst.

Enhanced by Zemanta

No comments:

Post a Comment