Reports: Reader's Digest, Wenner Media on the block

Folio | Crain's | Wall Street Journal

Reader's Digest Association, which emerged from bankruptcy protection in early 2010, has put itself up for sale and hopes to fetch around $1 billion, reports the Wall Street Journal. The company publishes 90 magazines world-wide, including Everyday with Rachael Ray, and it has a direct-marketing business. One of its most attractive properties is Allrecipes.com, which could draw interest from a range of digital media companies and fetch between $100 million and $200 million. RDA acquired for $66 million in 2006.

Meanwhile, Crain's New York Business reports the on-again, off-again chatter about Wenner Media properties -- Us Weekly, Rolling Stone, and Men's Journal -- being for sale is on again. However, a company spokesman says Wenner isn't looking for buyers.

  • Jim Romenesko

    From 1999 to 2011, Jim Romenesko maintained the Romenesko page for the Poynter Institute, a Florida-based non-profit school for journalists. Poynter hired him in August of 1999, after seeing his MediaGossip.com, a hobby site he started in May of 1999.

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