French Firm to Buy 12 Magazines
Associated Press
NEW YORK — Diamandis Communications Inc., a leading consumer magazine publisher, said today that it has agreed to be acquired by the French communications concern Hachette SA in a deal valued at $712 million.
The Diamandis deal includes 12 consumer magazines, including Woman’s Day, Car and Driver, Popular Photography, Road & Track and Boating. Diamandis Communications was created only last fall when it acquired the magazine division of CBS Inc. for $650 million.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
