Bonnier Corp. announced this morning that it has acquired five Hachette Filipacchi enthusiast titles: Popular Photography, Flying, Boating, Sound & Vision and American Photo. The deal, which we had previously reported was in the works, closed yesterday. In addition to the print magazine properties, Bonnier also acquired all related Web sites, books, licensing agreements, videos and branded events.
This is Bonnier’s third recent acquisition. The company picked up Working Mother in September and Scuba Diving in December.
“These five titles from Hachette fit very well within our growth strategy of adding brands that serve markets with multimedia opportunities,” said Bonnier CEO Terry Snow.
Hachette’s president and CEO, Alain Lemarchand, said the divestiture would allow the company to focus on “our core areas of strength, including the women’s brands, the shelter category and our automotive category.”
Full release after the jump
Bonnier Corp. Acquires Five Magazine Brands from Hachette Filipacchi Media U.S.
New York, N.Y. (June 2, 2009) â€“ Bonnier Corp. and Hachette Filipacchi Media U.S. (HFM U.S.) announced today that Bonnier has acquired five magazine titles from HFM U.S.: Popular Photography, Flying, Boating, Sound & Vision and American Photo. With this latest deal, which closed Monday, Bonnier Corp. strengthens its position as a leading media company for special-interest brands. The five titles bring to nearly 50 Bonnier’s collection of enthusiast brands, including Popular Science, Saveur, Parenting, Field & Stream and a number of marine publications.
This is Bonnier Corp.’s third major acquisition in recent months. In September, Bonnier added Working Mother to its leading “mom” brands Parenting and Babytalk. In December, the company expanded its presence in the dive industry, buying Scuba Diving to go along with its dive title Sport Diver.
“We have always been committed to growing our portfolio of brands to include other passionate special-interest audiences,” says Terry Snow, CEO of Bonnier Corp. “These five titles from Hachette fit very well within our growth strategy of adding brands that serve markets with multimedia opportunities.”
“We are pleased that Bonnier Corp. has purchased these enthusiast titles, and we think that these brands will find the support and synergies they need to prosper,” said Alain Lemarchand, President and CEO, Hachette Filipacchi Media U.S. “HFM U.S. is focusing on our core areas of strength, including the women’s brands, the shelter category and our automotive category which also includes Cycle World.”
In addition to print magazines, the five titles have brand extensions including Web sites, books, licensing agreements, videos and branded events.
Highlights of the newly acquired brands:
– Popular Photography is the worldâ€™s largest photography magazine and the leading technical authority, buyers guide and how-to resource for the photo enthusiast.
– Flying holds a special place in the world of general and business aviation. It has been the voice of aviation since Lindbergh departed Roosevelt Field for his historic nonstop transatlantic flight to Paris in 1927. Its mission is to inform, educate and entertain pilots and would-be pilots.
– Boating, an industry leader for 50 years, delivers an entertaining mix of lively feature stories and in-depth how-to service articles for its 2.32 million readers, the largest audience in the boating category. (source: Spring 09 MRI)
– Sound & Vision is the world’s most comprehensive and engaging home entertainment magazine. It offers the freshest editorial content in the category, with each issue bringing readers the latest products and technological breakthroughs in home theater, audio, video and multimedia products.
– American Photo offers a unique visual environment and an authoritative editorial voice that inspire and inform an audience of advanced photography enthusiasts and photo professionals.
DeSilva + Phillips represented HFM U.S. in the transaction.