Hearst to buy Ro­dale

Newspapers & Technology Magazine - - Indystry Mergers & Acquisitions -

Hearst has agreed to ac­quire the mag­a­zine and book businesses of Ro­dale, a health and well­ness con­tent com­pany based in New York and Em­maus, Penn­syl­va­nia, a Hearst press re­lease said.

With 93 edi­tions in 64 coun­tries, Ro­dale pub­lishes nu­mer­ous health and well­ness life­style brands, in­clud­ing Men’s Health, Women’s Health, Pre­ven­tion, Ro­dale’s Or­ganic Life, Run­ner’s World and Bi­cy­cling. Ro­dale Books is known for ti­tles in­clud­ing Al Gore’s "An In­con­ve­nient Truth," Star­bucks CEO Howard Schultz’s "On­ward" and Dave Asprey’s "The Bul­let­proof Diet." The di­vi­sion’s se­ries in­clude "Thug Kitchen," "Wheat Belly" and "The South Beach Diet."

The an­nounce­ment was made Oct. 18 by Hearst CEO Steven R. Swartz, Ro­dale CEO Maria Ro­dale and Hearst Mag­a­zines Pres­i­dent David Carey. The trans­ac­tion is ex­pected to close in early 2018, fol­low­ing nec­es­sary gov­ern­ment ap­provals. Terms were not dis­closed.

Upon com­ple­tion of the ac­qui­si­tion, Ro­dale’s con­tent busi­ness will be man­aged by Hearst Mag­a­zines, a unit of Hearst with more than 300 edi­tions and web­sites around the world, in­clud­ing 20 ti­tles in the U.S.

Allen & Com­pany LLC acted as fi­nan­cial ad­vi­sor to Ro­dale in its sale and Wachtell, Lip­ton, Rosen & Katz acted as le­gal ad­vi­sor.

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