Meredith Corporation has acquired Every Day with Rachael Ray from Reader’s Digest Association. Financial terms are not being disclosed, and there is no word on what will happen to the magazine’s staffers after the transition.
“The acquisition of Every Day with Rachael Ray will further extend our leadership and deepen our reach in providing women with best-in-class food content, while offer advertisers multiple avenues to reach them,” said Meredith President, Tom Harty. “We are excited to add this well-recognized franchise to our strong portfolio of national media brands.”
The deal is expected to close in a few months.