Gruner sells off U.K. magazines

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Bertelsmann-owned publishing giant Gruner & Jahr is selling its magazine publishing assets in the U.K. so it can focus on the U.S. market. Gruner is selling the U.K. titles to Hearst Corp.'s National Magazine Co. The magazines include Best, Prima, Prima Baby, Your Home, and science and technology monthly Focus. The purchase will allow National Magazine to strengthen its core markets in women's interest, home and parenting titles. Gruner & Jahr USA Publishing titles include American Homestyle, American Homestyle & Gardening, Child, Family Circle, Fitness, McCall's, Parents and YM.

Copyright July 2000, Crain Communications Inc.

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