Carrie writes \” This New York Times Story New York Times Story describes how so many of the smaller magazines are being bought out by larger magazines. \”
Consolidation in the publishing industry continues…
Last week, Time Inc. bought the British company IPC Media P.L.C., and recently bought Business 2.0.
Primedia bought Emap USA, Earlier this year,
Advance Publications bought The Golf Digest Companies, and Gruner
& Jahr, a unit of Bertelsmann, closed deals for Inc. and Fast Company.
etc….
\”Everything is for sale now,\” Chip Block, the publishing strategist at
Ziff- Davis Publishing, said. \”You have a situation where people would
love to bail out if they can. A guy who last year wouldn\’t budge for
$200 million might look out there today and say, `Guess what? $80
million will suit me just fine.\’ \”
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