Southern Cross Group is buying Grupo Expansion from Time Inc. (NYSE: TIME) for an undisclosed amount.

Grupo Expansion is Mexico's second largest magazine publisher, and owns the titles Expansion, Quien and Life & Style. The company was founded in 1966 and acquired by Time in 2005. The group will continue to license the Time Warner brands it already licenses: CNNMexico, InStyle and Travel + Leisure, following the acquisition. 

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.