OTHER NEWS - Oct. 21, 1994
From Times Staff and Wire Reports
Teen Magazine Publisher to Buy Sassy: Privately held Petersen Publishing Co. of Los Angeles signed a letter of intent to buy Sassy’s assets, said Dale Lang, chairman of Lang Communications. He said he hopes to close the deal in 30 days. In the meantime, Lang said, he dismissed Sassy’s entire staff of about 35 employees with severance, saying the November issue will be the last published under the current management. Jay Cole, publisher of Teen, said there will be no break in publishing. Lang had been looking for a buyer or a partner for several months.