Telegraaf Media Groep sells magazines to Pelican Magazines Hearst
Posted by Alisa Zykova on February 18, 2009 at 10:19 AM
Netherland's Telegraaf Media Groep (TMG) announced it is selling Dutch editions of magazines Elegance, Residence, CosmoGirl! and Hitkrant to Amsterdam-based Pelican Magazines Hearst, which publishes CARROS, Nautique, En France, The Big Black Book, Tableau and Golf Estate, Publicitas reported Monday.
Negotiations for TMG's other titles JAN, FHM and Motoplus are underway. However, Privé, Vrouw and Autovisie will remain as part of the group.
Negotiations for TMG's other titles JAN, FHM and Motoplus are underway. However, Privé, Vrouw and Autovisie will remain as part of the group.
The changes are predicted to be in effect starting from April 2009. Sixty
job positions are thought to be affected, according to Publicitas.
The decisions are "subject to positive advice by the Works Council."
Late last year, TMG announced it was planning to separate itself from numerous publishing operations across the globe. The firm's activities in Sweden have already been sold, as have digital divisions in the Ukraine. In addition, two Ukrainian magazines were shut down and others have been put up for sale.
Late last year, TMG announced it was planning to separate itself from numerous publishing operations across the globe. The firm's activities in Sweden have already been sold, as have digital divisions in the Ukraine. In addition, two Ukrainian magazines were shut down and others have been put up for sale.
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