More signs are pointing to a possible sale of Hachette Filipacchi Media U.S., publisher of Elle and Woman’s Day, to Hearst Corp.
Sources said Steve Parr, president and CEO of the U.S. arm of France’s Lagardère Active, has been spending time across town at Hearst, while Hearst and Hachette execs are scheduled to meet in the coming weeks. Meanwhile, Hachette execs have been scrambling to respond to Paris’ requests for information about the company.
Lagardère said earlier this month that it was talking with potential partners outside France as it looks to reduce expenses overseas.
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