Hearst Rumored to Have Lead on Lagardére Group Selloff

The singer of the great (yes, great) band Survivor once eloquently crooned, “Don’t lose your grip on the dreams of the past, you must fight just to keep them alive.” The line from “Eye of the Tiger” will always be used when discussing Rocky, but should Hearst finally win its bid to acquire titles from Hachette Filipacchi Media U.S (HFMUS), perhaps the execs will make use of the song for a celebration. The fight has been going on for about a year now, but according to Keith Kelly of The New York Post, it could finally be over.

Sources are telling Kelly that the deal looks to be finalized in January. As before, the main hurdle, aside from the complicated international partnerships that will need to be sorted out, is that HFMUS’s parent, Lagardére Group, wants to keep control of its biggest brand, Elle.

Hearst continues to reveal little information on the subject, as Paul Luthringer, Spokesperson for the company, told Kelly, “We are always talking to other companies about opportunities, but we don’t comment on speculation as a matter of policy.”

Stick and move Hearst, stick and move.

Recommended articles