Disney Sells FamilyFun Magazine to Meredith

Company Continues to Shrink Magazine Portfolio

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Meredith Corp. has acquired FamilyFun magazine from Disney Publishing, the company said today.

Terms were not disclosed but Meredith said they wouldn't be material to its 2012 financial results, suggesting the price tag was relatively modest.

It's the second magazine that Meredith has acquired for a low price. It picked up Every Day with Rachael Ray from Reader's Digest Association in October, saying the price wouldn't be material to results.

Disney Publishing previously sold Discover magazine in 2005, closed Disney Adventures in 2007 and shut down Wondertime in 2009.

Its remaining U.S. titles include Disney Princess magazine and Disney Phineas and Ferb magazine, which publish eight times a year.

FamilyFun, which has an average guaranteed paid circulation of 2.1 million, saw 2011 ad pages sink 18.1% from a year earlier, according to the Media Industry Newsletter, compared to a 2.6% decline across monthlies as a whole.

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