Time Inc. Buys Mexican Publisher

Share this content:
Time Warner Inc.'s Time Inc. arm said yesterday it bought Grupo Editorial Expansion, a Mexican publisher of upscale business and consumer magazines.

The Mexico City firm's 15-title portfolio includes Expansion, the company's flagship and Mexico's No. 1 business magazine, as well as Quien, a biweekly celebrity and personality title with the most ad pages of any periodical in that market. Terms were not disclosed.

"International expansion is a key element of our growth strategy," Time Inc. spokesman Peter Costiglio said in New York. "We're always looking for acquisitions that are a logical fit and add value to Time Inc. GEE fit the bill."

Time Inc. in 2001 acquired London-based publisher IPC, giving it a sizable footprint in the British and Australian markets. The publisher already has an established presence in most major English-speaking media markets worldwide.

Mexican company Editorial Medcom S.A. de C.V. sold GEE, having bought it from Walt Disney Co. in 1993. GEE previously was owned by Chilton Publishing, which was bought by Capital Cities before its merger with ABC. Disney later acquired ABC.


Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above