May 2005
Investment Dealers' Digest;5/30/2005, Vol. 71 Issue 21, p48
Trade Publication
The article presents media and entertainment industry-related statistics and various news items associated with investment banking. Meredith Corp. said it will buy several magazines owned by Gruner + Jahr USA Publishing, the American publishing unit of media titan Bertelsmann, for 350 million dollars. Titles include Parents, fitness, Child and family Circle, among others. A controlling stake in Wind Telecomunicazioni, Italy's third-largest cell phone company, was sold to Noguib Sowiris. Shelia Johnson, cofounder of BET, has became a part owner of the Washington Mystics via a sale of the WNBA team for 10 million dollars to Lincoln Holdings, in which Johnson is a partner.


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