Meredith signed an agreement with Disney Publishing Worldwide to acquire the assets of FamilyFun magazine. Disney Interactive's Moms and Family online portfolio will retain all existing FamilyFun content for digital use.
The acquisition is expected to close within 30 days. Carey Witmer, president of the Meredith Parents Network, will oversee the magazine. The first issue of FamilyFun published by Meredith is expected to be the March issue.
"We are delighted to add the FamilyFun brand to our expanding media portfolio," says Tom Harty, president, Meredith National Media Group. "This acquisition further strengthens our leadership position and reach among women in both the parenthood and food spaces, and offers our advertisers additional channels to reach these consumers."
"FamilyFun's rich content has led to the growth of its loyal readership base over its 20-year history, and we look forward to watching the magazine continue to grow under its new owner," says Russell Hampton, president, Disney Publishing Worldwide. "Moving forward, Disney Publishing Worldwide will focus on our core children's magazine and book businesses, our rapidly growing digital initiatives, and our Disney English language learning program."