BOTH Car & Driver And Road & Track Magazines Sold Off In $889 Million Deal

Lagardère, the French media conglomerate, said on Monday that it had agreed to sell its international magazine business, including titles like Car and Driver and non-French editions of Elle, to the American publishing company Hearst for 651 million euros.

The deal, worth about $889 million, came after a month of exclusive negotiations. Lagardère has been seeking to streamline its sprawling international operations and focus more on the domestic media business, following shareholder pressure to improve its performance.




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BondMI6 - 1/31/2011 11:29:34 AM

+2 Boost

RIP????.............

Whelan - 1/31/2011 12:28:42 PM

+2 Boost

It would be nice if they had different articles. When I first joined up with car mags, I had MT, CD, RT, etc. I realized soon after that the two were basically twins. So after a few phone calls I had one cancelled and refunded.

I never understood the reasoning for two prints of the same thing.

knowitall1985 - 1/31/2011 12:51:59 PM

+4 Boost

First thing fire all the worthless writers and bring un-biased ones........

LexSucks - 1/31/2011 12:55:00 PM

+1 Boost

Who cares? I stopped reading those magazines years ago.

I95SPEEDINGTICKETS - 1/31/2011 2:04:02 PM

+1 Boost

Also Noticed Top Gear and EVO are basically the same magazine.

Willis - 1/31/2011 6:05:50 PM

+1 Boost

LOL

thstone - 1/31/2011 7:36:42 PM

+1 Boost

I get MT, CD, RT, and Top Gear magazines.

MT, CD, and RT still haven't figured out that there is this fancy thing called the i-n-t-e-r-n-e-t...

TG is the only one that has a chance in surviving.

Mustang953 - 1/31/2011 10:22:51 PM

-1 Boost

They were/are French owned, which explains the anti-american car articles, and continual bloated coverage of the euro trash. I still get them since the deal was 24 months for $10.00. They make get liners for cat litter box. Perhaps now we will see something beside BMW and Porky.