Group Seven Communications to Acquire Caribbean Lifestyles Magazine

Posted on March 16, 1998

Group Seven Communications, Inc., announced it has completed an agreement to acquire Caribbean Lifestyles Magazine. Group Seven Communications, through its various subsidiaries publishes or distributes three publications for the U.S. market. The addition of Caribbean Lifestyles is in keeping with the company's goal of publishing or distributing ten niche market publications by the end of 1998.

Caribbean Lifestyles is a English language magazine, focused on the Caribbean American community in the United States. The magazine will be distributed to newsstands in key Caribbean markets and to subscribers, both in the Untied States and throughout the Caribbean. The editorial focus of the magazine is lifestyles of the Caribbean Community with sections covering entertainment, living, cooking, health, travel and special events.

Group Seven Communications, Inc., is a multi-title publisher and communications company. The Company's Spanish-language titles include Deportes Hoy, the nation's first Spanish language sports daily newspaper, and Musicaliente, a Spanish language music fan magazine. Group Seven also owns an interest in Single Living magazine and is a leading publisher of licensed printed paper products, including trading cards based on certain exclusive, proprietary sports and entertainment licenses.