Hibert Publishing Sells Off Magazine Assets

Hibert Publishing has sold Colorado Parent and Westchester Family in two separate deals that owner Gary Hibert said likely mean the end for the company he’s run since Nov. 2012. Parties close to the deals declined to share the terms of sale. Westchester Family, five ancillary publications, and its website were acquired by Community News Group (CNG), a publisher of New York-based magazines and newspapers. The monthly magazine has a circulation of 35,000 and will retain most of its staff.

Colorado Parent was acquired by Denver, Colorado, based publisher 5280 Publishing in a deal which includes the monthly magazine, six annual publications, and the related digital properties. The Colorado assets join the namesake magazine 5280, and its ancillary publications 5280 Home, 5280 Health, and 5280 Traveler, as well as digital properties. This purchase doubles 5280 Publishing’s annual issues from 18 to 36, expanding its footprint as a dominant media player in the Denver-lifestyle space.

For the full story read Folio