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WEEK IN REVIEW: Wenner buys out Us partner.(Briefs)(Wenner Media acquires Us Weekly)(TheStreet.com acquires Weiss Group Inc)(MTV Networks Inc. acquires Atom Entertainment Inc.)
Crain's New York Business, August, 2006
Byline: from staff reports and bloomberg news reports Wenner Media, headed by President Jann Wenner (above), agreed to pay $300 million to buy back the 50% stake in Us Weekly that it sold to The Walt Disney Co. five years ago. The deal makes Wenner the sole owner of the enormously successful celebrity title.
The once-floundering monthly publication boasted circulation of 1.75 million for the first six months of the year. Disney, which has been shedding its noncore assets, paid $40 million for the stake in February 2001. Stewart, Bacanovic settle martha stewart will pay $195,000 as part of a settlement with the Securities and Exchange Commission over civil insider trading charges. She cannot serve as the director of a public company for five years. Her...
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