Rogers sells off publishing division to St. Joseph Communications

TORONTO – Rogers Media is officially out of the magazine publishing business after announcing Wednesday that it is selling all seven of its consumer print and digital magazine brands to St. Joseph Communications (SJC).The deal includes Maclean’s, Chatelaine (English and French), Today’s Parent, Hello! Canada, as well as digital publications Flare and Canadian Business, plus its custom content business. Financial terms of the acquisition, which is scheduled to close next month, were not publicly disclosed. All current Rogers Media Publishing employees will be offered employment through the deal.“It was a difficult decision, but one we believe is right as we accelerate our...