WWD is reporting that Hachette Filipacchi Media’s U.S. chief executive officer, Alain Lemarchand, was seen yesterday at the Time & Life building. His visit comes amid rumors that Hachette parent company Lagardere and Hearst Magazines are agreeing to some sort of joint publishing deal.
Sources close to the (possible) deal say an announcement may be made this week.
Intriguing. We’ll keep an eye out for any further details.