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Hearst Buys Esquire Magazine

December 31, 1986|United Press International

NEW YORK — Hearst Corp. today acquired Esquire magazine from Phillip Moffitt, its editor-in-chief and president, for an undisclosed price reported to be around $80 million.

Esquire Magazine Group Inc., privately held parent of the 53-year-old publication, also said it had sold its New York Woman magazine to American Express Publishing Corp.

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