Wenner Gets All of Us For $300 Mil

  • August 10, 2006
Wenner Media is again sole owner of Us Weekly, announcing that it has acquired the Walt Disney Co.'s 50 percent stake in the celebrity title. Wenner paid an estimated $300 million for the remaining share. In February 2001, Disney paid Wenner $40 million to become a 50/50 partner. For the first six months of this year, the magazine's total circ grew 7 percent, compared to a year earlier--and newsstand sales hit 1 million for the first time, according to Us Weekly.
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