Magazine deal closing

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K-III Communications' Intertec Publications is expected to finalize the acquisition of Lighting Dimension and Theatre Craft International from Entertainment Technology Communications, New York. Purchase price has been estimated at between $3 million and $5 million. As expected, K-III Tuesday said it completed the purchase of Cahners consumer magazine division including American Baby, Modern Bride, Sail and Power & Motoryacht. Industry executives familiar with the negotiations estimated the price tag in that deal at close to $180 million.

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