M2 Media Group has reportedly acquired American Publishers, a magazine fundraising agency, from Hearst Magazines.
American Publishers works with schools and nonprofits to raise money through magazine subscriptions. Terms of the transaction were not disclosed.
M2 operates a magazine fundraising program in connection with the Girl Scouts of America. The company is a subscription agency for the magazine publishing industry that sells subscriptions and magazine rewards for loyalty programs. The company acquired BlueDolphin.com, an online magazine sales group, in 2006.
Other recent print media deals include Owner Resource Group LLC's acquisition of Advantage Business Media, and Jeff Bezos' deal for the Washington Post.