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Rogers Media sells magazines to St. Joseph

The Canadian Press logoThe Canadian Press 2019-03-20

TORONTO - Rogers Media has reached a deal to sell its seven consumer print and digital publications, including Maclean's and Chatelaine, to St. Joseph Communications.

They say all current employees of Rogers Media Publishing will be offered jobs through the deal, which is expected to close next month.

However, financial terms of the agreement were not immediately disclosed.

The transaction comes after months of unconfirmed reports that Rogers Media, an arm of Rogers Communications Inc., had been negotiating to sell its remaining consumer publications.

The deal today includes both the French and English editions of Chatelaine, Today's Parent and Hello! Canada, as well as the digital publications Flare and Canadian Business, which no longer have print editions.

They will join a number of other publications at St. Joseph Communications which already produces Toronto Life, Weddingbells, Mariage Quebec and other titles.

Companies in this story: (TSX:RCI.B)

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