Petersen Cos., New York, acquired Surfer Productions, publishers of Surfer
, from For Better Living Inc., Auburn, Calif. One executive close to the deal estimated the price to be $30 million, though Petersen did not reveal the terms. The acquisition includes Surfer
's Web site and a film and TV division. The staff and editorial offices will remain in Dana Point, Calif.
Copyright August 1998, Crain Communications Inc.