Hearst Corporation Completes U.K. Portion Of Lagardere Global Acquisition
National Magazine Company and Hachette Filipacchi Rebrand as Hearst Magazines UK
LONDON, August 1, 2011 - Hearst Corporation today announced that it has completed the U.K. portion of its international transaction with Lagardère SCA.
The deal unites National Magazine Company, Hearst Corporation’s principal U.K. business, and Hachette Filipacchi UK Ltd. The new organization has been rebranded as Hearst Magazines UK.
With the acquisition of Hachette Filipacchi, Hearst Magazines UK has the U.K. publishing rights to global media superbrands ELLE and ELLE Decoration, along with Psychologies; and the ownership of Red, All About Soap, Inside Soap, Digital Spy and Sugarscape.
The combined business, comprising 26 magazines, 22 digital assets and other branded properties, will make Hearst Magazines UK one of the biggest media players in the country, reaching more than 16 million adults in print and 20 million monthly unique users online.
The new company will provide clients with an integrated service and offers them effective engagement with consumers through its expanded portfolio of print, digital and other branded properties.
This U.K. deal is part of Hearst Corporation’s acquisition of Lagardère’s international press and magazine business, which includes nearly 100 titles, 50 websites and numerous mobile and tablet applications in 14 markets including U.S., Russia, Ukraine, Italy, Spain, U.K., Japan, The Netherlands, Hong Kong, Mexico, Taiwan, Canada, Germany and China (which will close later this year).
Arnaud de Puyfontaine, chief executive, Hearst Magazines UK, and executive vice president, Hearst Magazines International, said: “This move consolidates our status as a leading U.K. media owner. NatMag and Hachette Filipacchi have built a stable of world-class brands, and this combined portfolio gives us a unique opportunity to develop and expand our commercial potential. We very much look forward to working with our new colleagues on this exciting venture.”
About Hearst Magazines UK
Hearst Magazines UK is the trading name of National Magazine Company Ltd., established by William Randolph Hearst in 1910, and is a wholly-owned subsidiary of Hearst Corporation. The business has interests in two joint ventures. These are partnerships with some of the world’s best publishers: ]
NatMag-Rodale: A 50:50 joint venture with Rodale Inc. of the U.S., which focuses on health and wellbeing.
COMAG: A 65:35 joint venture with Condé Nast, one of the U.K.’s largest magazine distributors.
Hearst Magazines UK publishes 26 magazines in the U.K.: All About Soap, Best, Coast, Company, Cosmopolitan, Cosmopolitan Bride, Country Living, Elle, Elle Decoration, Esquire, Good Housekeeping, Harper’s Bazaar, House Beautiful, Inside Soap, Prima, Prima Baby, Psychologies, Red, Real People, Reveal, SHE, You & Your Wedding and Zest. Hearst Magazines U.K. also publishes three magazines, Men’s Health, Triathlete’s World and Runner’s World, through NatMag-Rodale.
Hearst Magazines UK also publishes 22 digital magazine and pureplay sites including allaboutyou, babyexpert, digitalspy, fetcheveryone, handbag, netdoctor and sugarscape.
About Hearst Corporation
Hearst Corporation (www.hearst.com) is one of the nation’s largest diversified media companies. Its major interests include ownership of 15 daily and 38 weekly newspapers, including the Houston Chronicle, San Francisco Chronicle, San Antonio Express-News and Albany Times Union; hundreds of magazines around the world, including Good Housekeeping, Cosmopolitan, ELLE and O, The Oprah Magazine; 29 television stations, which reach a combined 18% of U.S. viewers; ownership in leading cable networks, including Lifetime, A&E, History and ESPN; as well as business publishing, including a minority joint venture interest in Fitch Ratings; Internet and marketing services businesses, television production, newspaper features distribution and real estate.
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