Fly Fisherman, Other Magazines Sold to Intermedia Partners
Flyfisherman magazine and its Web site will be sold to private equity investment firm Intermedia Partners LP, along with 17 publications and related Web sites, including Guns & Ammo, Game & Fish, Florida Sportsman and In-Fisherman for $170 million in cash, according to Businessweek magazine. Intermedia is led in part by Leo Hindery Jr., the former president and CEO of AT&T Broadband and cable television distributor TCI. In June, Intermedia also acquired Thomas Nelson, a leading publisher of Bibles and Christian inspirational products.
Hindery and Intermedia were also recently reported to be in the hunt for Time Inc.’s outdoor titles, which include Field & Stream and Outdoor Life.