Wenner Media Buys Disney’s Stake in US Weekly For $300M, Regains Full Ownership

Jann Wenner, center, flanked by New York magazine’s Adam Moss and the New Yorker’s David Remnick during the 2006 National Magazine Awards in New York

Just in:

Wenner Media has bought out Disney’s 50 percent stake in Us Weekly. The privately-held company paid an estimated $300 million to regain full ownership from Disney, which put down about $40 million for its share in 2001.

Wenner Media Buys Us Weekly Stake From Disney [WWD]