Meredith (MDP) Enters Agreement to Acquire FamilyFun Magazine From Disney (DIS)
Tweet
Share
E-mailGet Alerts MDP Hot Sheet
Join SI Premium – FREE
Meredith Corporation (NYSE: MDP) announced today that it has signed an agreement with Disney Publishing Worldwide (NYSE: DIS) to acquire the assets of FamilyFun. The acquisition includes the highly popular magazine, with an audience of 6 million and rate base of 2.1 million; its special interest publications; and its ToyHopper and digital magazine applications. Financial terms were not disclosed, and it will not have a material effect on Meredith's 2012 financial performance. The acquisition is expected to close within 30 days.
"We are delighted to add the FamilyFun brand to our expanding media portfolio," says Meredith National Media Group President Tom Harty. "This acquisition further strengthens our leadership position and reach among women in both the parenthood and food spaces, and offers our advertisers additional channels to reach these consumers."
"We are delighted to add the FamilyFun brand to our expanding media portfolio," says Meredith National Media Group President Tom Harty. "This acquisition further strengthens our leadership position and reach among women in both the parenthood and food spaces, and offers our advertisers additional channels to reach these consumers."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Disney Technology Executive Aaron Laberge to Leave Company - CNBC
- Bytedance Prefers Tiktok Shutdown In US If Legal Options Fail, Sources Say - Reuters
- BHP makes $38.8bn bid for Anglo American; analyst thinks improved offer is needed
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
