Wednesday, March 20, 2019

Rogers Media is out of magazine business as it agrees to sell all remaining titles to St. Joe's

Rogers Media is selling all its remaining magazines to St. Joseph Media, effective in April. The price for the transaction was not revealed, but it includes Maclean's, the English and French versions of ChatelaineToday's Parent, HELLO! Canada, along with digital publications FLARE and Canadian Business. All current employees will be offered employment with St. Joseph, which is a largest, privately owned print, media and communications company in Canada.

St. Joseph's most well-known titles are Toronto Life, FASHION Magazine, Weddingbells, MARIAGE Québec, Ottawa Magazine, Quill & Quire and the Where Group of Magazines in Vancouver, Calgary, Ottawa and Toronto. 

"Our experience with brands such as Toronto Life, and the strategies applied and growth we have seen there, gives us confidence that we can help transform these brands so they may prosper in the quickly changing media landscape," CEO Tony Gagliano said in the release. “Bringing together two talented teams and many of Canada’s most celebrated magazine brands is an important opportunity for SJC, the media industry and our country.” 

Rogers has been trying to sell its magazines for well on a year and last fall sold MoneySense magazine as a digital portal to Ratehub Inc. 

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