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Macfadden buys three titles

Published on .

T/SF Communications Corp. closed the deal to sell three trade magazines--Convenience Store News, United States Distribution Journal and The Journal of Petroleum Marketing--to Macfadden Publishing for $21 million in cash. Macfadden, which is privately held, owns 21% of the shares outstanding in publicly traded American Media, publishers of the National Enquirer and Star. Howard G. Barnett Jr., chairman-president-CEO of T/SF Communications, said, "With this sale and completion of our merger in May of this year with our then parent company, Tribune/Swab-Fox Cos., we have completed the restructuring program we embarked on two years ago."

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