HORWITZ MAGAZINE GROUP SOLD TO AUSTRALIAN PRIVATE EQUITY GROUP
December 12th 2007 23:37
Sydney's Horwitz family has sold most of its business to private equity firm Wolseley for an undisclosed sum, after nearly 90 years in publishing, according to The Australian.
Among the 16 titles included in the acquisition are Inside Sport, TV Soap, Golf Australia, Geare, Sound & Image, Australian Hi-Fi, Pro Photo and Australian Camera, plus the rights to the local version of Mad. The Horwitz family is keeping the franchise to publish Australian Penthouse.
The business, renamed Wolseley Media, will be headed by David Gardiner, former deputy chief executive of ACP Magazines, who publishes the bimonthly game-fishing title BlueWater Boats and Sportsfishing.
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