|
|
Article: Time takes 50% stake in Hippocrates magazine
- Article from:
- Chicago Sun-Times
- Article date:
- July 28, 1988
- Author:
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
|
One of the hottest magazines born in 1987, Hippocrates, already
has caught the eye of the country's biggest magazine publisher, Time
Inc., which has purchased 50 percent interest in the health-oriented
bimonthly.
Hippocrates was launched as an entrepreneurial venture by some
of the co-founders of Science '80, Eric Schrier and Jim Martay.
Schrier is president and editor of Hippocrates, while Martay is
executive publisher. Time's magazine group executive vice president,
Christopher Meigher, said Wednesday Time will invest $9 million in
Hippocrates and will have the right to appoint half of the company's
board of directors.
Schrier, from the magazine's base in Sausalito, Calif., said the ...