Bonnier, World Publications Buys 14 Time4 Media Magazines (PDNonline)

From: ([email protected])

Time Inc. today confirmed the sale of its 16 Time4 Media enthusiast magazines and two parenting titles to Sweden’s Bonnier Magazine Group. The price, above $200 million, was not as low as some predicted, but below the amount originally expected. The deal is expected to close at the end of February.

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