Deals
National Enquirer Parent Buys Us Weekly From Rolling Stone Owner
- Celebrity magazine saw newsstand sales fall in recent years
- Wenner saddled with debt after buying back Us Weekly stake
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American Media Inc. agreed to buy Us Weekly from Wenner Media LLC, adding to a stable of tabloids and celebrity gossip magazines that includes National Enquirer and Star.
The deal is valued at $100 million, according to a person familiar with the matter who asked not to be identified discussing private information. Wenner Media’s remaining titles include Rolling Stone and Men’s Journal.