Sydney, July 2 2007- Seven Media Group’s Pacific Magazines has acquired four of Time Inc.’s major Australian magazines, including Who, Practical Parenting and Bride to Be. Pacific Magazines has entered into a long-term license agreement with Time Inc. for the publication of InStyle in Australia and New Zealand. Celebrity weekly Who will continue to access editorial from the U.S. People mag under a long-term license agreement. The acquisition price wasn’t disclosed. Chief Executive Officer of Pacific Magazines, Nick Chan, said: “We are acquiring a quality business, market-leading magazine brands and great people. We look forward to continuing to build our new titles under their current, successful editorial, sales and marketing teams.”
Seven Media’s Pacific Magazines nabs four titles from Time Inc.
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