EMAP Sells (Petersen Publishing) to Primedia

Brent Avis
by Brent Avis
From Reuters London: "British media group EMAP Plc closed the book on an unhappy American adventure on Monday with the sale ofits U.S. magazines unit to New York-based Primedia Inc. for $515 million.

"Primedia, publisher of magazines Seventeen and New York, will become the second-largest U.S. publisher of consumer magazines, adding 60 titles including Hot Rod, Guns & Ammo and Surfer to its 250-strong consumer portfolio."

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