Us Weekly Is Sold to National Enquirer Publisher
Us Weekly, a celebrity magazine that has long been a staple at checkout counters, is changing hands. On March 15, American Media Inc., which owns entertainment publications like the National Enquirer and Radar Online, announced that it had reached an agreement to acquire Us Weekly from Wenner Media, which has owned it since 1985. Terms of the agreement were not disclosed, but two people briefed on the deal said the price was $100 million. The acquisition of Us Weekly will give American Media a younger, more affluent audience, and a larger digital presence. It will also increase American Media’s heft in celebrity gossip — along with the National Enquirer and Radar Online, the company publishes the supermarket staples Star and OK!
Us Weekly Is Sold to National Enquirer Publisher