Time Buys American Express Publishing

BIG MOVES

Updated Apr. 20, 2017 4:48PM EDT / Published Sep. 10, 2013 3:22PM EDT

Time Inc. reached an agreement to buy American Express Publishing and its five magazine titles, including Travel + Leisure and Food & Wine. “American Express Publishing is home to the most desirable brands in the luxury space and we’re delighted they will become part of Time Inc.," said CEO Joe Ripp. Ed Kelly, president and CEO of AmEx Publishing, said, “This sale is a formula for success that will allow us to further develop our extraordinary brands, services and traditions.” The financial details of the sale, which is expected to be finalized by the end of the year, have yet to be disclosed.

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Time Buys American Express Publishing