SOURCE: Hearst Magazines International

Hearst Magazines International

November 10, 2010 12:13 ET

Hearst Magazines International Terminates Harper's Bazaar License in Japan

NEW YORK, NY--(Marketwire - November 10, 2010) - Hearst Magazines International (HMI) today announced that, effective immediately, it is terminating the license to publish Harper's Bazaar in Japan held by HB Japan.

HB Japan has published Harper's Bazaar in Japan since August 2000 and earlier this year announced that it was transferring publication of Harper's Bazaar in Japan to a new entity, HB Inc. HMI and HB Inc. discussed granting a license to the new entity but were unable to reach a final agreement.

HMI is presently in discussions with potential new licensees for the Japanese edition of Harper's Bazaar.

About Hearst Magazines International
As the largest U.S. publisher of magazines worldwide, Hearst Magazines International, a unit of Hearst Corporation, publishes more than 200 editions for distribution in more than 100 countries. Major titles include powerful brand equities like Cosmopolitan which, with 60 editions worldwide, is the largest-selling young women's magazine and has more editions than any other magazine in the world; Esquire, Good Housekeeping, Harper's BAZAAR, Popular Mechanics, and Seventeen. In addition, Hearst Magazines International publishes other titles through joint ventures, including Men's Health and Runner's World in the U.K., Grazia and Madison in Australia, and The Robb Report in Russia and China. In Great Britain, a wholly-owned subsidiary, The National Magazine Company Limited, publishes 20 magazines. Hearst Magazines publishes 14 titles in the U.S. 

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