Hearst to Take 50% Stake in New Talk Magazine
<i> Associated Press</i>
NEW YORK —
Magazine publisher Hearst Corp., whose titles include Esquire and Cosmopolitan, is taking a 50% stake in Talk magazine, the new monthly being created by former New Yorker editor Tina Brown and Miramax Films.
The deal, announced Thursday, adds Hearst’s considerable experience in distributing magazines to a publication that is already expected to be the hottest launch of the year. Financial terms were not disclosed.
Talk, a general interest magazine, will debut in August.
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