You will be redirected back to your article in seconds

Disney sells ABC’s Farm Progress

NEW YORK — In the latest installment of its magazine divestment, Walt Disney Co. agreed Monday to sell ABC Inc.’s agricultural magazines, Farm Progress Group, to Australia-based Rural Press Ltd. for $56.9 million.

The sale brings to almost $2.2 billion the total in magazine divestitures, most of which came from the sale of some major daily papers and the Chilton Business Group. Late last week, Disney also finalized the sale of the NILS Publishing Co. and the Oakland Press Group for amounts that were not disclosed but which were likely very small.

Still to come in the sale is Institutional Investor, Chilton Books, numerous daily newspapers and weekly shopping guides.

Farm Progress Group owned 26 farming magazines, which last year earned about $4.8 million before interest, taxes, depreciation and amortization on revenue of $39 million.

More Biz

  • Time Square Station Explosion

    NYPD Investigating Explosion in Times Square Station, Suspect in Custody

    NEW YORK — In the latest installment of its magazine divestment, Walt Disney Co. agreed Monday to sell ABC Inc.’s agricultural magazines, Farm Progress Group, to Australia-based Rural Press Ltd. for $56.9 million. The sale brings to almost $2.2 billion the total in magazine divestitures, most of which came from the sale of some major […]

  • Celebrities Respond to Viral Keaton Jones

    Celebrities Send Messages of Support to Bullied Boy: 'Stay Strong'

    NEW YORK — In the latest installment of its magazine divestment, Walt Disney Co. agreed Monday to sell ABC Inc.’s agricultural magazines, Farm Progress Group, to Australia-based Rural Press Ltd. for $56.9 million. The sale brings to almost $2.2 billion the total in magazine divestitures, most of which came from the sale of some major […]

  • Leonardo Nam arrives at the 2017

    'Westworld's' Leonardo Nam Says Seeing Asian Actors in ‘Star Wars’ ‘Feels Normal’

    NEW YORK — In the latest installment of its magazine divestment, Walt Disney Co. agreed Monday to sell ABC Inc.’s agricultural magazines, Farm Progress Group, to Australia-based Rural Press Ltd. for $56.9 million. The sale brings to almost $2.2 billion the total in magazine divestitures, most of which came from the sale of some major […]

  • Max Clifford death. File photo dated

    Max Clifford, Former Celebrity Publicist, Dies in Prison at 74

    NEW YORK — In the latest installment of its magazine divestment, Walt Disney Co. agreed Monday to sell ABC Inc.’s agricultural magazines, Farm Progress Group, to Australia-based Rural Press Ltd. for $56.9 million. The sale brings to almost $2.2 billion the total in magazine divestitures, most of which came from the sale of some major […]

  • Hannibal Buress Arrested in Miami for

    Hannibal Buress Arrested in Miami for Disorderly Intoxication

    NEW YORK — In the latest installment of its magazine divestment, Walt Disney Co. agreed Monday to sell ABC Inc.’s agricultural magazines, Farm Progress Group, to Australia-based Rural Press Ltd. for $56.9 million. The sale brings to almost $2.2 billion the total in magazine divestitures, most of which came from the sale of some major […]

  • Charlie Sheen Sues National Enquirer Over

    Charlie Sheen Sues National Enquirer Over Rape Claim

    NEW YORK — In the latest installment of its magazine divestment, Walt Disney Co. agreed Monday to sell ABC Inc.’s agricultural magazines, Farm Progress Group, to Australia-based Rural Press Ltd. for $56.9 million. The sale brings to almost $2.2 billion the total in magazine divestitures, most of which came from the sale of some major […]

  • Walt Disney Studios

    Disney Music Executive Charged with Child Sex Abuse (EXCLUSIVE)

    NEW YORK — In the latest installment of its magazine divestment, Walt Disney Co. agreed Monday to sell ABC Inc.’s agricultural magazines, Farm Progress Group, to Australia-based Rural Press Ltd. for $56.9 million. The sale brings to almost $2.2 billion the total in magazine divestitures, most of which came from the sale of some major […]

More From Our Brands

Access exclusive content