Monday, January 21, 2019

Rogers Media employees bid to buy magazines


A number of Rogers Media staff members have put together a proposal to purchase the company’s magazine brands, The Globe and Mail reports.
The five titles are Maclean’s, Today’s Parent, Hello! Canada and Chatelaine’s English and French editions, along with digital titles Canadian Business and Flare and a custom content division.
Rogers announced it was selling the magazines in 2018. It nearly sold in the fall to Roustan Media, but the deal collapsed, the paper reports.
Rogers sold the MoneySense website to Ratehub in late 2018.
The Globe said there was another bidder in the mix, but wasn’t able to pin down that second bidder’s identity.

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