American Media Buys 'Soap Opera Digest'

American Media Inc., which had already been managing Soap Opera Digest, acquired the weekly from Source Interlink Media for an undisclosed sum that "had to be far less than the $600 million that K-III Magazines (later Primedia) paid News Corp. in July 1991 for SOD, New York magazine, Seventeen, and other titles," writes Steve Cohn. (Just to keep things straight, Primedia then sold SOD to Source in 2007). In 1991, SOD's circulation was almost 1.5 million; now it's below 300,000.

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