Thursday, August 16, 2018

Rogers seeks buyer for magazine assets

The Globe a nd Mail's Susan Krashinsky Robertson writes:
"The Toronto-based telecommunications and media company is soliciting bids for a package of assets that includes eight of its digital and print magazine titles − Maclean’s, Canadian Business, MoneySense, Today’s Parent, Hello! Canada, Flare and Chatelaine’s French and English editions − as well as its custom-content group, which creates marketing content for brands such as in-house magazines. The company is seeking to sell all of the publishing assets in one deal, rather than breaking them up to sell individually, according to people with knowledge of the matter.
"Rogers has hired the investment-banking arm of Canadian Imperial Bank of Commerce to manage the sale."
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