The Conde Nast Publications, Inc., has acquired a majority interest in Ideas Publishing Group, the Miami-based publisher of Spanish-language editions of major American magazines, it was announced by S.I. Newhouse, Jr., Chairman of Conde Nast and Mario A. Freude, I.P.G.'s Chairman and C.E.O.
"Working in partnership with I.P.G. as a publisher and a distributor will allow us to expand our presence in the expanding Latin American marketplace," Mr. Newhouse said.
“Conde Nast's marketing and operations expertise in publishing, coupled with our specialized knowledge of the Latin American markets, will enhance I.P.G.'s position as a global leader in Spanish-language publishing," Mr. Freude said.
The Ideas Publishing Group currently publishes nine titles, three in collaboration with Conde Nast - Vogue en Español, Glamour en Español, and Architectural Digest en Español -- and six others --Newsweek en Español, Discover en Español, Teen en Español, Prevention en Español, Motor Trend en Español, and Men's Fitness en Español. These magazines are published under licensing arrangements, with The Washington Post Company, Weider Publications, Inc., Rodale Press Inc., Emap USA, and Disney Magazine Publishing Inc.