Parenting Group Acquires Hachette's Family Life

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Time Inc.'s The Parenting Group will acquire Family Life magazine from Hachette Filipachhi Magazines for an undisclosed sum. The Parenting Group, which also publishes Parenting, BabyTalk and Healthy Pregnancy, will begin publishing Family Life as of the August issue. The transaction is expected to close May 28. The title's editorial and business staffs will become part of the Parenting Group. Family Life, for the last six months of 1998, was up 6.7% in circulation to 438,662, according to Audit Bureau of Circulations. Ad pages were up 3.6% to 86.49 for the first quarter, according to Publishers Information Bureau.

Copyright April 1999, Crain Communications Inc.

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