NEW YORK — Primedia said Wednesday that it has agreed to sell Chicago magazine for $35 million in cash to an affiliate of the Chicago Tribune Co.
With the sale of Chicago, Primedia will have sold approximately $220 million of its targeted $250 million in noncore assets. Primedia will use the proceeds to reduce outstanding debt and strengthen its balance sheet. Among the properties Primedia has already sold are Bacon’s and the Modern Bride Group.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"