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December 2, 2010

Hachette owner ‘looking to sell international magazine business’

By admin

French media company Lagardère said yesterday it was considering selling its international magazine business to focus on domestic titles.

The owner of Elle magazine – which is published in the UK by Lagardère subsidiary Hachette Filipacchi – told the Wall St Journal it had started talks with rival businesses over a possible sale.

Lagardère is reportedly in talks with up to five publishers over the possible sale and is reported to have held presentations to US media giant Hearst – which owns NatMags in the UK – as well as Bauer Media Group.

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