Freedom Magazines buys 50% stake in fashion title

Kerwin, Ann Marie
September 1997
Advertising Age;9/22/1997, Vol. 68 Issue 38, p3
Trade Publication
The article reports on a multimillion-dollar investment made by Freedom Communications in Mode magazine in 1997, forming a partnership with founding Publishers Julie Lewit-Nirenberg and Nancy LeWinter. As part of the deal, Freedom has bought out the original 50% stake invested by Stanley Harris through Pantheon International, a subsidiary of Harris Publications. The deal created a new entity, Lewit & LeWinter/Freedom, with LeWinter owning a combined 50%. Freedom Magazines has been expanding its holdings through partnerships over the past two years, investing among others in young men's title P.O.V. and the CurtCo Freedom Group, whose publications include Entertainment @ Home. As for the latest partnership, Freedom Magazines president Sam Wolgemuth was interested in Mode because of its clearly defined target and devoted readership.


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