Fortune Magazine Officially Sells to Thai Businessman

Meredith has finalized its sale of Fortune magazine to Thai businessman Chatchaval Jiaravanon, the magazine publisher announced today.
The brand was purchased for $150 million cash by Fortune Media Group Holdings Limited, wholly owned by Jiaravanon after he was announced as the intended new owner last month.
The brand, part of Meredith’s Time Inc. acquisition, was founded in 1930 and has grown its conference and events business under brands such as Fortune 500, 100 Best Companies to Work For, Most Powerful Women, World’s Most Admired Companies and 40 Under 40.
Read more starting at ‘Circulation decreased from 756,877 over the course of six months on’ at…….Fortune Magazine Officially Sells to Thai Businessman

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