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.
No comments:
Post a Comment