Report: Bonnier Acquires Five Hachette Titles

American Photo and Popular Photography are being sold to a new owner, a source with knowledge of the deal tells PDN.

According to the source, magazine staff were told today that Bonnier Corporation is acquiring five magazines from Hachette Filipacchi Media: American Photo, Popular Photography, Boating, Flying and Sound & Vision. 

In March, Hachette was reported to be shopping the five magazines. Bonnier was considered a likely buyer.

Neither company confirmed the news Monday afternoon. A spokesperson for Bonnier said the publisher “is constantly evaluating possible acquisitions in our strategy to further expand the company” but said “we only discuss such acquisitions if and when those deals are finalized.” A spokesperson for Hachette confirmed that the company had received interest from possible buyers for those five magazines, and added, “When we have something to announce, we will issue a statement.”

Bonnier is based in Winter Park, Florida, and publishes about 40 enthusiast magazines including Popular Science and Field & Stream. According to the company’s Web site, Swedish publisher Bonnier Group formed Bonnier Corp. in 2007 by combining 18 former Time Inc. magazines with titles published by World Publications.
Hachette Filipacchi Media U.S. is based in New York City and owned by the French media company Lagardère.