Wenner Media Buys Us Weekly Stake From Disney

Wenner Media has bought out Disney’s 50 percent stake in Us Weekly.

The privately-held company paid an estimated $300 million to regain full ownership from Disney, which put down about $40 million for its share in 2001, shortly after the magazine went weekly. The then-struggling Us has since thrived. In the first half of this year, US Weekly averaged over a million copies sold on the newsstand for the first time.


For complete coverage, see tomorrow’s issue of WWD.