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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Hearst aims for No 1 slot with Emap bid

America's Hearst Corporation is seeking to become Britain's largest magazine owner after making an offer for Emap's £700m consumer publishing division. Hearst's British arm, National Magazines, publishes monthlies such as Cosmopolitan, Esquire and Good Housekeeping. It is currently the third largest magazine owner but acquiring Emap's stable of celebrity weeklies and lad-mags, which include Heat, Closer and FHM, will see it bounce to number one, overtaking IPC Media, whose ultimate owner is America's Time-Warner. (Via Sunday Telegraph)

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