Hearst Aims for May 31 to Close on Hachette Deal

Layoff news seen following soon

Hearst is poised to close May 31 on its nearly $900 million deal to buy Lagardère’s magazines outside France, including New York-based Hachette Filipacchi Media. And employees of the acquired company are expecting to hear within days if not hours if they’ll be part of the package.

“It’s been eerily quiet,” said one employee on the eve of the anticipated close. “They claim whoever is not going to be with the company will know within 24 hours.”

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