Thursday, August 10, 2006

Win-win at US

It seems a classic win-win. Jann Wenner needed a partner a while back (February 2001) for his title US Weekly, and the Walt Disney Company bought 50 per cent for $40 million. Now, Wenner wanted to be sole owner again. He got control back and Disney got $300 million for the shares. US Weekly's newsstand sales hit 1 million for the first time this year; 61,000 of them in Canada.

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