American Media said it will acquire Men’s Journal from Wenner Media, marking the second magazine deal that the two companies have done in recent months.
“With the acquisition of Men’s Journal, AMI further establishes itself as a premium content producer by adding another respected media brand with a highly engaged audience,” said AMI CEO David Pecker said on Thursday. AMI already owns Men’s Fitness and Muscle & Fitness.
No terms of the Men’s Journal deal were disclosed but the magazine which was launched in 1992 is a perennial money loser with loss estimates of several million dollars last year. In mid-March AMI said it was buying Us Weekly from Jann Wenner’s company. The deal, which was said to be for $100 million, didn’t close until late April after it cleared inspection by federal regulators.