FishbowlDC TVNewser TVSpy LostRemote AgencySpy PRNewser GalleyCat SocialTimes

Hearst Purchases Lagardére Magazines for $887 Million

Okay, now it’s official. Hearst Corporation announced this morning that it has acquired over 100 of Lagardére’s magazines, in a deal that has been talked about for quite some time now.

The question of what happens to Elle has been answered as well – Hearst will have publishing rights for the magazine in 15 countries, including the United States.

Hearst is paying $887 million for the titles, and all is expected to close by the beginning of the third quarter.

Nothing like starting off your Monday with a multi-million dollar deal. What happens next for the Hearst execs? How do you even top this? FishbowlNY bets it involves donut holes.

Mediabistro Course

Middle Grade Novel Writing

Middle Grade Novel WritingStarting January 15, work with a literary agent to write your middle-grade novel! In this course, you'll learn how to develop strong characters, write compelling dialogue, master the art of revision, and market your work to publishing houses and agents. Register now!