Meredith To Acquire Shape Magazine - Quick Facts

(RTTNews) - Meredith Corp. (MDP) announced it has reached an agreement to acquire Shape magazine and the digital assets of the Shape, Natural Health, and Fit Pregnancy brands from American Media. Financial terms of the deal were not disclosed. The company said the transaction will be accretive to its fiscal 2015 financial performance. Meredith will begin producing Shape magazine with the May 2015 issue, with current readers of Shape and Meredith's Fitness magazine receiving the new and enhanced Shape magazine. Shape magazine covers exercise, beauty, nutrition, health, fashion, wellness, and other lifestyle topics. It has a median household income of $87 thousand. Tom Witschi, President of the Meredith Women's Lifestyle Group, will oversee the new brands.