US publisher Meredith buys

January 24, 2012

Meredith Corp., publisher of Better Homes and Gardens and other magazines, announced Tuesday it has bought from The Reader's Digest Association Inc. in a $175 million transaction.

Meredith chairman and chief executive Steve Lacy said the acquisition of would more than double the company's online audience to nearly 40 million unique visitors a month.

Meredith also has websites for its print magazines and owns has 17 sites in 22 countries and a database of over 500,000 .

Robert Guth, of Reader's Digest Association, said the sale of "is a significant step forward in our commitment to focus our resources on our core businesses, such as the Reader's Digest brand."

Reader's Digest bought in 2006.

Besides Better Homes and Gardens, Meredith also publishes Parents, Family Circle, Ladies' Home Journal, Fitness and other magazines.

Explore further: Magazine publishers creating 'iTunes for magazines': reports

Related Stories

NY Post, Journal offer Sony e-reader deals

December 17, 2009

(AP) -- The Wall Street Journal and the New York Post are offering exclusive subscription deals through the latest electronic reader from Sony Corp.

Time Warner picks Digitas CEO to run magazines

December 1, 2011

Time Warner on Wednesday named Laura Lang, chief executive of digital marketing agency Digitas, to run its extensive stable of magazines, which includes Time, People and Sports Illustrated.

Skiff unveils e-reader for newspapers, magazines

January 4, 2010

US company Skiff released details Monday of its upcoming electronic reader, a device slightly bigger than Amazon's largest Kindle designed for reading newspapers and magazines in addition to books.

CNN buys iPad news reader Zite

August 30, 2011

US cable television network CNN announced Tuesday that it has bought Zite, a Canadian company that makes a personalized news reader for the iPad.

Recommended for you

Microsoft aims at Apple with high-end PCs, 3D software

October 26, 2016

Microsoft launched a new consumer offensive Wednesday, unveiling a high-end computer that challenges the Apple iMac along with an updated Windows operating system that showcases three-dimensional content and "mixed reality."

Making it easier to collaborate on code

October 26, 2016

Git is an open-source system with a polarizing reputation among programmers. It's a powerful tool to help developers track changes to code, but many view it as prohibitively difficult to use.

Dutch unveil giant vacuum to clean outside air

October 25, 2016

Dutch inventors Tuesday unveiled what they called the world's first giant outside air vacuum cleaner—a large purifying system intended to filter out toxic tiny particles from the atmosphere surrounding the machine.


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.