Hearst Corp. Snatches Up French Publisher's Magazines

Image via WikipediaMedia conglomerate Hearst Corp. has acquired French publisher Largardere's non-France-based magazines produced by Largardere's Hachette Filipacchi Media ("HFM") subsidiary located in Manhattan, according to The New York Post.

Hearst has been pursuing  HFM's stable of periodicals, which include Car & Driver, Road & Track, Elle and Woman's Day, for several months (see "TUOL" post 1/3/11). No word yet if HFM staffers, who work in the Time & Life Building, will face layoffs as a consequence of the Hearst acquisition.