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BOSTON-Reed Elsevier’s announced buyout of Chilton Publications last week spells the end of the Cahners name in publishing.
Reed agreed to pay $447 million in cash to buy the three principal divisions of Chilton Business Group in Radnor, Pa., from ABC, a subsidiary of Walt Disney Co. The acquisition, subject to government approval, should be finalized next month.
The impending deal also left some media buyers questioning how the two trade book publishers will integrate their holdings, especially since some of the magazines compete directly.
Chilton’s U.S.
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