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Article: M&A scorecard.(LOGIN)
- Article from:
- Folio: the Magazine for Magazine Management
- Article date:
- September 1, 2008
CopyrightCOPYRIGHT 2008 Copyright by Media Central Inc., A PRIMEDIA Company. All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE SHAKY CREDIT MARKET has had magazine M&A on lockdown over the last several weeks, with little more than a peep coming in the way of finalized deals. In late July, the sale of Entrepreneur Media Group fizzled. One potential bright spot was word that financial terms were agreed to, at least verbally, for Wasserstein to acquire Cygnus Business Media.
AUGUST 7
Buyer Seller Sale Price Multiple
Time Inc. Reader's Digest (QSP Inc.) $110 million N/A
The deal behind the deal: Time Inc. agreed to purchase QSP Inc., a school and youth group fundraising company that sells magazine subscriptions, from the Reader's Digest ...