Hearst Magazines is putting Sports Afield
and Motor Boating & Sailing
on the selling block, the first time the closely held publisher has ever put any titles up for sale. Investment bank Jordan, Edmiston Group is handling the sale. Hearst is divesting the smaller properties as it focuses on more mass-market titles such as its Talk
joint venture and Oprah Winfrey-backed women's magazine. Separtely, parent Hearst Corp. has agreed to buy the San Francisco Chronicle
newspaper for an undisclosed price.
Copyright August 1999, Crain Communications Inc.