Hearst Completes Lagardère Deal

Meetings to start with Hachette employees

With his French hosts and his international CEO at his side, Frank A. Bennack Jr., CEO of Hearst Corp., signed the deal in Paris this evening to buy Lagardère’s non-French properties, including Hachette Filipacchi Media in the U.S.—a deal that will make Hearst the No. 2 U.S. magazine company by ad pages after Time Inc.