The question of what happens to Elle has been answered as well – Hearst will have publishing rights for the magazine in 15 countries, including the United States.
Hearst is paying $887 million for the titles, and all is expected to close by the beginning of the third quarter.
Nothing like starting off your Monday with a multi-million dollar deal. What happens next for the Hearst execs? How do you even top this? FishbowlNY bets it involves donut holes.