Felix Dennis reported to be selling US Magazine titles
Felix Dennis is selling off some of his American empire. He is reportedly putting most of his American publications on the auction block, including the American versions of Maxim and Stuff.
According to the New York Post, the sale, which is already in the hands of brokers, is expected to fetch at least $250 million. The Post points out that Maxim and Stuff are both profitable publications.
Among potential bidders for the magazines are Time Inc, Hearst and Hachette Filipacchi.
No-one at Dennis Publishing’s New York offices would confirm the proposed sale. A spokesman said: “There have been similar rumours in the past and we don’t comment on rumours.”
Watching the reports with interest are several former Dennis Publications editors now working in the US.
Among them are Mark Golin, a former editor of Maxim, now working for Time Inc; Keith Blanchard, who is now with Hearst and is working on a new weekly lads’ mag to be called Bullet; and Mike Hammer, who is working on a US version of Shock for Hachette Filipacchi.
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