Also included are Institutional Investor, MultiChannel News, agricultural titles and controlled circulation shopper newspapers.
Walt Disney's consumer magazine publishing group (which includes Disney Adventures, Family Fun and Discover) and its Hyperion book imprint are not part of the divestment.
Most industry observers believe Disney will be able to command the highest price by selling the holdings in pieces rather than as a single block. Early estimates are that the break-up price tag will top $2 billion, which would make the sale one of the top two or three largest publishing deals of all time.
Copyright January 1997, Crain Communications Inc.