It’s Official: Hearst Now Owns Elle Magazine

by Justin Fenner | 5:53 pm, January 31st, 2011

Lagardere, the French company that used to own Elle magazine and all of its international editions, has officially sold those magazines to the Hearst Corporation. The $885.6 million transaction makes Hearst the second-largest publisher of magazines in the United States, right behind Time Inc. and just ahead of Conde Nast.