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Home » Bertelsmann AG » Gruner + Jahr USA |
Gruner + Jahr USAGruner + Jahr USA is owned by Bertelsmann AG. Until the middle of 2005 Gruner + Jahr USA was a leading American magazine publisher, selling nearly 200 million magazines annually. In June of 2005, the company sold most of its American magazines to Meredith Corporation for $350 million -- Parents, Child, Fitness and Family Circle magazines. A few weeks after the Meredith sale, billionaire Joe Mansueto, founder of Morningstar Inc., paid $35 million to buy Fast Company and Inc. magazines from Gruner + Jahr USA. Gruner + Jahr had bought these magazines five years earlier for a total of $550 million -- Inc. from Bernard Goldhirsch for $200 million and Fast Company from Mortimer Zuckerman for $350 million. With these sales, Gruner + Jahr is no longer active in the American media market. Comments about Gruner + Jahr USAComments to date: 1. This is page 1 of 1.
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