American Media (AMI) has acquired 13 brands from Bauer Media USA to reach out to the millennials and expand its digital network.
The acquired brands include In Touch, Life & Style, and Closer as well as the nine Bauer Teen Group brands like J-14 and Girls World.
AMI has secured committed bridge financing from existing investors to fund the acquisition which is expected to close on or about July 1,2018.
AMI chairman and CEO David J. Pecker said: “Today’s announcement underscores AMI investor confidence in our business strategy as we continue to build and grow our Entertainment Group.
“Despite newsstand Read full story ›
Source: The Drum
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