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BUSINESS
November 10, 1987 | From Reuters
"There's a lot to be said for anonymity," said Peter Diamandis, chairman of the newly named Diamandis Communications Inc. But Diamandis, who led the recent $650-million management buyout of CBS' magazine group, is now anything but anonymous. Apart from operating the country's largest specialty magazine publisher, his bid to make a success of the buyout that created DCI is sure to be closely watched.
BUSINESS
April 14, 1988 | NANCY RIVERA BROOKS, Times Staff Writer
From the Nice-Work-If-You-Can-Get-It Department: The deal struck Wednesday to sell several magazines to a French publisher translates into a whopping $303-million profit in six months. The purchase of Diamandis Communications and its magazines for $712 million by French magazine publisher Hachette comes only six months after the company was formed by the buyout of the magazine group from CBS.
BUSINESS
April 14, 1988 | GEORGE WHITE, Times Staff Writer
The French owner of the flashy Elle fashion magazine agreed Wednesday to pay $712 million to buy the company that publishes Woman's Day, Car & Driver and American Photographer. Paris-based Hachette would get the magazines owned by Diamandis Communications, a New York-based firm formed last year by a management-led buyout of CBS' magazine division. Hachette said the deal would make it the world's largest producer of magazines. "We're No.
BUSINESS
April 14, 1988 | NANCY RIVERA BROOKS, Times Staff Writer
From the Nice-Work-If-You-Can-Get-It Department: The deal struck Wednesday to sell several magazines to a French publisher translates into a whopping $303-million profit in six months. The purchase of Diamandis Communications and its magazines for $712 million by French magazine publisher Hachette comes only six months after the company was formed by the buyout of the magazine group from CBS.
NEWS
April 13, 1988 | Associated Press
Diamandis Communications Inc., a leading consumer magazine publisher, said today that it has agreed to be acquired by the French communications concern Hachette SA in a deal valued at $712 million. The Diamandis deal includes 12 consumer magazines, including Woman's Day, Car and Driver, Popular Photography, Road & Track and Boating. Diamandis Communications was created only last fall when it acquired the magazine division of CBS Inc. for $650 million.
BUSINESS
September 25, 1990
Hachette Publications Inc. has terminated Peter Diamandis as chairman and chief executive of Diamandis Communications Inc. a little more than two years after buying out the magazine publishing firm. Hachette added that Diamandis Communications, which publishes more than a dozen magazines, including Elle, Woman's Day and Audio, was being renamed Hachette Magazines Inc.
BUSINESS
October 2, 1987 | Associated Press
CBS Inc. said Thursday that it will further study the options for its records group, which has reportedly attracted a sizable purchase offer from Sony Corp. CBS said its board, which met informally for three hours to discuss the matter, would consider it further at a regularly scheduled meeting Oct. 14. Separately, CBS said it had completed the previously announced sale of its magazine group for $650 million in cash to a group led by the unit's senior management.
BUSINESS
January 19, 1988 | BRUCE HOROVITZ
When most people hear the name Guess, one thing comes to mind: expensive jeans. Now, the company's new president says she may soon want the Guess name to also stand for something else--jogging shorts and T-shirts. This move by Guess, however, will require more than guesswork. Before spending millions of dollars on a new line of athletic wear, Guess is testing the waters. And it is doing so without making much clothing.
BUSINESS
April 14, 1988 | GEORGE WHITE, Times Staff Writer
The French owner of the flashy Elle fashion magazine agreed Wednesday to pay $712 million to buy the company that publishes Woman's Day, Car & Driver and American Photographer. Paris-based Hachette would get the magazines owned by Diamandis Communications, a New York-based firm formed last year by a management-led buyout of CBS' magazine division. Hachette said the deal would make it the world's largest producer of magazines. "We're No.
BUSINESS
November 10, 1987 | From Reuters
"There's a lot to be said for anonymity," said Peter Diamandis, chairman of the newly named Diamandis Communications Inc. But Diamandis, who led the recent $650-million management buyout of CBS' magazine group, is now anything but anonymous. Apart from operating the country's largest specialty magazine publisher, his bid to make a success of the buyout that created DCI is sure to be closely watched.
BUSINESS
April 30, 1989 | PAUL RICHTER, Times Staff Writer
No matter how lustily they cheer you one moment, an audience can turn sullen and sour the next. That's a fact well known to show business pros, and one that a relative newcomer to the business, CBS Inc. Chief Executive Laurence A. Tisch, may be learning. Tisch was applauded mightily for the prices he got when he sold off CBS' magazine, record and music publishing businesses in 1986 and 1987. But at least some in his audience now say this acknowledged master of corporate husbandry might have missed a run-up in media prices and sold too cheaply.
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