The US magazine publisher, Time Inc, has agreed to sell 18 of its smaller titles - including Popular Science, Field & Stream and Parenting - to the Swedish-owned publisher Bonnier for $220m (£112m). Bonnier will place the magazines with World Publications, a company with 20 titles in which Bonnier owns a 49% stake, thus creating a major US magazine publisher with an annual revenue of more than $350m (£178m). (Via Nashua Telegraph)
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Swedish company buys 18 US magazines
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