Keith Kelly of The New York Post writes Tuesday that Worth magazine has been sold for the second time in four years.
Kelly wrote, “Worth magazine has been sold by current owner CurtCo Media to Sandow Media, the Boca Raton, Fla.-based owner of New Beauty Magazine, for an undisclosed price.
“CurtCo had taken over the magazine in 2004 from L. Randall Jones, who had put together a team of investors to buy it from Fidelity Investments.
“Worth was CurtCo’s second magazine sale in a week. Last week, it sold Home Entertainment magazine to a newly formed independent company.
“Two years ago, CurtCo retained Goldman Sachs in a failed bid to sell itself for more than $500 million.”
Read more here. Two errors worth noting here: It’s W. Randall Jones, and Fidelity had no interest in the magazine after 1999 or 2000. They were initial backers of the magazine.
