FishbowlDC TVNewser TVSpy LostRemote AgencySpy PRNewser GalleyCat SocialTimes

Time Inc. Buys American Express Publishing

Joe Ripp, Time Inc.’s new CEO, has made his first big move: Purchasing American Express Publishing and its five titles. As part of the deal, AmEx Publishing — the company behind DeparturesTravel + Leisure, Food & Wine, Executive Travel and Black Ink — will become a subsidiary of Time Inc.

As with any large buy, the Time Inc. acquisition was accompanied by a variety of statements that all sound the same. “American Express Publishing is home to the most desirable brands in the luxury space and we’re delighted they will become part of Time Inc.,” said Ripp. Ed Kelly, president and CEO of AmEx Publishing, added “This sale is a formula for success that will allow us to further develop our extraordinary brands, services and traditions.”

The deal is expected to be completed by the end of this year. Financial details weren’t disclosed. But feel free to guess.

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!