Discovery Inc. acquired Golf Digest from Condé Nast, the parties announced this morning. Terms of the agreement were not made public, but the New York Post, citing persons familiar with the deal, pegged the cost to be about $30 million.
Discovery will continue to publish Golf Digest as a regular, monthly magazine and will bolster coverage including course rankings, instructional videos and travel destinations, the company said this morning.
Discovery positioned the acquisition as a way to grow its reach in the U.S.
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