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The magazine was founded by William H. Davis in 1950 in Evanston, Ill.
Tarde, who started at Golf Digest as an intern in 1977, referred to Discovery’s broader strategy in an email to staff Monday morning.
Condé Nast acquired Golf Digest, which is known for, among other things, its rankings of the top 100 golf courses, from The New York Times Company in 2000 and put the magazine up for sale last August, along with Brides and the fashion glossy W.
Little did anybody know when the product was launched in October, 2000 that the Pro V1 golf ball would become one of, if not, the most revolutionary products in golf equipment history.
The sale is the result of a nine-month process that began when Conde Nast, which bought Golf Digest in 2001, announced a strategic shift to focusing on its core brands in style and culture, allowing Golf Digest to pursue new ownership.
Rick Anderson, Chief Media Officer, PGA TOUR, said: “We’re thrilled to deepen our partnership with Discovery, as well as Golf Digest, which has been an official marketing partner of the PGA TOUR since 2006.
In recent years, Discovery has made significant commitments in other sports, most notably through its 2014 purchase of Eurosport.
The company, which is owned by Advance Publications, had losses of more than $100 million in 2017.
NEW YORK, May 13, 2019 – Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) announced today it has acquired Golf Digest from Condé Nast.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| LINKS Magazine | 1988 | $1.7M | 50 | - |
| Univision Communications | 1962 | $270.0M | 1,108 | 151 |
| IW Group | 1990 | $37.5M | 5 | - |
| Davis Advertising | - | $210,000 | 2 | - |
| HIMSS Media | 2003 | $4.9M | 51 | - |
| Alloy Media + Marketing | 1997 | $11.0M | 350 | - |
| CJRW | 1961 | $8.8M | 81 | - |
| Hcpro | - | $170,000 | 5 | 1 |
| Women's Marketing | 1982 | $5.9M | 75 | - |
| PRWeek | 1998 | $76.7M | 150 | 28 |
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