All the big dogs at Hearst are in one yard today through Friday, as they gather in Washington D.C. for a series of meetings. According to Keith Kelly, the meeting will most likely address what they plan to do with titles Hearst just acquired from its deal with Lagardére Group:
As many of the titles across the globe still face regulatory hurdles from various governmental authorities in Europe and elsewhere, it now looks like the US portion, known as Hachette Filipacchi Media, will close first, possibly in the next few weeks.
To begin operating the titles as soon as possible, Hearst will close the rest of the magazines on a country-by-country or region-by-region basis. The final piece of the deal is expected to close sometime early in the third quarter.
Kelly also says that the execs are going to be sorting out how to add Elle and Elle Decor to Hearst Tower.
That’s all great, but check this out: FishbowlNY hears that the bigwigs will play Heads Up, Seven Up to keep things from getting too boring. We’ll let you know who wins.