Time Purchases Large Mexican Publisher

Posted by Elena del Valle on August 18, 2005

Time Inc. acquired Grupo Editorial Expansión (GEE), a Mexico City-based company which owns 15 magazines in Mexico. Time publishes People en Español and Sports Illustrated Latino. Grupo Editorial Expansión’s flagship publication is the business magazine Expansión. Other publications include Obras about architecture; Balance, about women’s health and fitness; and Quién, a magazine about celebrities. Grupo Editorial Expansión, founded in 1966, also publishes Vuelo, Mexicana Airlines’ in-flight magazine.

Time Inc. is one of the world’s leading magazine publishers, publishing 140 titles that are read more than 300 million times worldwide on a monthly basis and account for nearly a quarter of the total advertising revenues of U.S. consumer magazines. Time Inc. is a wholly-owned subsidiary of Time Warner Inc., a leading media and entertainment company, whose businesses include interactive services, cable systems, filmed entertainment, television networks and publishing.