Active Interest Media Sells Several Magazines to Pocket Outdoor Media (foliomag.com)
Active Interest Media has sold off its healthy living, fitness and outdoor divisions, collectively representing several of its largest publications, to Pocket Outdoor Media, a Colorado-based publisher of a handful of enthusiast magazines, the two companies announced Tuesday.
Included in the sale are Backpacker, Better Nutrition, Clean Eating, Climbing, Muscle & Performance, NatuRx, Oxygen, Ski, Vegetarian Times and Yoga Journal magazines, as well as the digital outlet SNEWS and the action sports film studio Warren Miller Entertainment, among other properties.
Terms of Tuesday’s acquisition were not disclosed, although Pocket Outdoor Media says the deal coincides with the closing of a Series A round of funding from JAZZ Venture Partners, a San Francisco-based VC firm.
more at source: https://www.foliomag.com/active-interest-media-sells-off-several-magazines-pocket-outdoor-media/