Hearst acquires 100 magazines from French publisher
Hearst Corp., the American magazine giant that publishes Cosmopolitan, Esquire and Good Housekeeping, said Monday that it had agreed to acquire more than 100 magazines from the French publisher Lagardere in a deal that would make Hearst the second-largest domestic magazine company and greatly expand its international footprint.
Hearst Corp. said it will close CosmoGirl magazine, another sign of the tough choices publishers are being forced to make as advertising sales and the economy cool.