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Fly Fisherman, Other Magazines Sold to Intermedia Partners

December 8, 2006 By: Marshall Cutchin

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.