St. Joseph Communications acquires magazine brands from Rogers Media

Afterwards months of speculation, Rogers Media has divested itself from some of Canada's most popular mag titles.

St. Joseph Communications, most known for Toronto Life and Fashion Magazine, has entered into an agreement to acquire seven publications from Rogers Media, including Maclean'southward, Chatelaine and Canadian Business.

"Nosotros are pleased to add these renowned titles to our portfolio of award-winning media brands and to welcome their dedicated staff into the St. Joseph family," said Tony Gagliano, executive chairman & CEO of SJC. "We besides want to welcome their diverse and loyal audiences and advertisers who have supported these brands through the years."

The consummate list of publication to become role of St. Joseph is Maclean's, Chatelaine (English and French), Today's Parent, HELLO! Canada, and the digital publications of FLARE and Canadian Business. In improver, St. Joseph will as well acquire the custom content business from Rogers Media that focusses on creating sponsored articles.

Co-ordinate to the company, Rogers said the chief reason for selling the properties was to advance "its strategic vision and repositioning our Media business for the future."

Rick Brace, president of Rogers Media, said, "it was vitally important to us to find a good home for our employees and these storied brands and so that the publications live on and flourish in a well-established company defended to publishing. Information technology was a difficult decision, merely one nosotros believe is right as we accelerate our strategic vision and reposition our media concern for the futurity."

If you are a subscriber of these publications, St. Joseph notes that "current subscribers volition go on to receive their print and digital subscriptions."

Rogers Media was interested in selling its digital and impress media assets in Baronial 2018. At i signal in time information technology was Roustan Media, possessor of The Hockey News, that was interesting in buying the collection of publications, just the deal eventually fell autonomously. So, last Dec, a group of Rogers Media employees was reportedly interested in purchasing the assets just zip formally came forward.

St. Joseph said this bargain is expected to close adjacent calendar month and "all current Rogers Media Publishing employees will exist offered employment."