The holiday sales period ended on a high note with unit sales of print books increasing 5.8% over the week ended December 24, 2022 at outlets that report to Circana BookScan.
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Hearst announced today that it has completed its transaction with Rodale to acquire the company’s global health and wellness brands. In addition to the U.S. editions and digital expressions, the newly-acquired brands publish 62 print editions and 57 websites in 31 countries. The acquisition adds complementary health and wellness titles to Hearst’s diversified portfolio of magazine brands, encompassing 20 titles in the U.S. and nearly 300 editions and websites around the world. The announcement was made by Hearst President and CEO Steven R. Swartz and Hearst Magazines President David Carey. Terms were not disclosed. Concurrent with the close, Penguin Random House purchased the assets of Rodale Books.
Hearst Magazines announced that Jon Gluck, formerly managing editor of Vogue, has been named executive director, editorial talent, development and special projects, a new role responsible for senior-level editorial recruiting and magazine development. The announcement was made by Hearst Magazines President David Carey and Chief Content Officer Joanna Coles. Gluck assumes his new position on September 5, reporting to Coles and Scherri Roberts, senior vice president, Human Resources. Gluck will be responsible for senior-level editorial recruitment for Hearst Magazines’ new launches and 20 brands in print, and will work closely with existing editors on magazine development. In addition, he will conceptualize new magazines and special projects, such as live events. “To say that the industry is going through an exciting period of change is an understatement,” Carey said. “Jon will play a central role in the transformation of our U.S. media business, both as we evolve our existing businesses, and acquire and start new ones.”
Active Interest Media has been acquired by B&W Communications. Financial terms were not disclosed. B&W (Betterment & Wonderment Communications LLC) was launched by Andrew Clurman, the CEO-cofounder of AIM, to acquire enthusiast media brands. The previous owner was Wind Point Partners, a private-equity group from Chicago. AIM's enthusiast titles in the shelter, hobby and boating categories include Anglers Journal, Yachts International, Sail, Power & Motoryacht, Yachts International, Soundings, Horticulture, Popular Woodworking and Writers Digest, among others.