Weider sells publications business
This article was originally published in The Tan Sheet
Executive Summary
Evercore Partners subsidiary American Media has agreed to acquire Weider Publications for $350 mil., company announces Nov. 27. American Media, which publishes tabloids National Enquirer and Star, will obtain seven magazines in the transaction, including Weider's Muscle & Fitness, Flex, Shape and Natural Health. Ad revenues for Weider's magazines have more than doubled since 1997, American Media says; firm anticipates deal will be finalized within the next few weeks. Weider divested its Science Foods, American Body Building brands in July (1"The Tan Sheet" Aug. 5, 2002, p. 11)...