More than a few magazine and media executives spent the holidays putting the finishing touches on deal closures. We’re only 3 weeks into January and there’s been a flurry of M&A action—from decently big deals to small. Here’s a recap:Today of course Meredith announced it’s buying Allrecipes.com from Reader’s Digest Association, advancing a deep dive strategy into the food vertical as fast as RDA is pulling away from it, having also bought Everyday With Rachael Ray from them. The deal closely followed Meredith’s acquisition of FamilyFun from Disney Publishing earlier in the month. Harry Stagnito has sold Stagnito Media to private equity firm Topspin LBO, which also owns his son’s Vermont-based Moose River Media. The deal, says Stagnito, will allow the company to build out its marketing services and data and information products. Edwin V. Avent’s Heart & Soul magazine has been sold to a group of investors called Brown Curry Detry Taylor & Associates. BCDT’s principals all have direct ties to the magazine, having worked for it in one capacity or another.Hanley Wood is now owned by Oaktree Capital Management, Strategic Value Partners and Tennenbaum Capital Partners after going through a major recapitalization, cutting its debt from $410 million to $80 million.In a retreat from the U.S. market, Future plc sold its U.S. group’s Music Division, including 3 magazines, to NewBay Media for $3 million. Revenues for the group in Future’s fiscal 2011 were about $13 million. Grand View Media has taken over management of Shooting Sports Retailer magazine. While not technically a sale, Grand View may have an option to buy after a certain period of time and certain performance goals are met.F+W Media is expanding its food vertical coverage, too. It bought World Tea Media, which produces the World Tea Expo as well as associated editorial products. Vibe Holdings has been merged with BlackBook Media and Access Network, forming Vibe Media. The combined entity will be owned by the Yucaipa Johnson Fund, backed by Ron Burkle and Earvin “Magic” Johnson, and InterMedia Partners.Bangor Metro, a regional magazine serving the Bangor, Maine region, has been sold to Cashman Asset Management.
4:54 More From Roadshow 2020 Chevy Silverado Diesel first drive: A smooth and torquey operator 2020 Toyota Tacoma gets a new face, tech Top newsLittle red Corvette: Chevy’s new, mid-engine C8 Corvette is finally, finally here. It’s a bargain, too: Even more amazing than the new Corvette’s performance is the fact that it’ll start around $60,000 when it goes on sale later this year.Solar Sonata: Hyundai’s swoopy new sedan gets a hybrid version complete with solar panels on its roof.Electric ‘Slade: New reports suggest Cadillac’s next Escalade SUV could be offered with a electric powertrain.Super-efficient Silverado: Chevy confirms its diesel-powered Silverado 1500 is the most fuel-efficient fullsize pickup in the US.Lotus flowers: Say hello to the 2020 Evora GT, the company’s latest US offering.Kia wants a truck: A report out of Australia suggests Korean automaker Kia might launch a small pickup in 2022 or 2023. 2019 Chevy Silverado 2.7T review: Turbo tradeoffs Now playing: Watch this: 2020 BMW 2 Series Gran Coupe PrototypeBMW’s new 2 Series sedan — or Gran Coupe, in the company’s parlance — will make its debut at the Los Angeles Auto Show in November. Ahead of that premiere, we take a spin in a colorful, camouflaged prototype in Germany to see if the 2GC’s front-wheel-drive platform hinders its performance. Spoiler alert: it doesn’t.Click here to read our 2020 BMW 2 Series Gran Coupe prototype first-drive review. Post a comment 0 The best trucks for towing 32 Photos Now playing: Watch this: 73 Photos 6:29 2019 Honda CR-VHonda’s new CR-V is a couple years old, but it’s still a top contender in the compact SUV class. It offers solid driving dynamics, great infotainment tech, and a usable and refined interior.Click here to read our 2019 Honda CR-V in-depth review. 2020 VW Atlas Cross Sport goes to Death Valley Tags 2:24 2020 Toyota TacomaOK, so maybe the Toyota Tacoma isn’t the freshest truck on the block. We still love it for its rugged capability and handsome good looks. For 2020, Toyota gives the Tacoma a big infotainment and driver assistance tech upgrade, and we test the truck’s off-road prowess on the trails of Colorado and Utah. We even take the updated 2020 Toyota 4Runner SUV for a spin, as well.Click here to read our 2020 Toyota Tacoma first drive review. NASA astronaut Scott Kelly on Corvettes, manual transmissions… 55 Photos 2020 VW Atlas Cross Sport in the desertVolkswagen will introduce a five-passenger version of its Atlas SUV next year. Ahead of that, we tag along while VW engineers complete hot-weather testing of the new SUV in California’s Death Valley. Click here to read the full story. 2020 Chevrolet Corvette blends the new and the familiar Top videos Share your voice Astronaut Scott Kelly talks CorvettesIs there really any comparison to launching a car and launching a rocket? Former NASA astronaut Scott Kelly says yes, and he sat down with editor-in-chief Tim Stevens to explain.Click here to read the full story. 2019 Audi RS5 SportbackThe Audi RS5 Sportback is an amazing car. In fact, its only flaw might be that it doesn’t have any. Is this four-door sports car too good for its own good? Associate editor Andrew Krok explains.Click here to read the full story. 2019 Audi RS5 Sportback is a goody two-shoes 22 Photos Roadshow 2019 Honda CR-V: A can’t-miss small SUV option The 2020 BMW 2 Series Gran Coupe hides in plain sight 2020 Toyota 4Runner first drive: Same as it ever was — mostly 33 Photos Enlarge ImageAll eyes are on Chevy’s mid-engine C8 Corvette. Steve Fecht/Chevrolet Welcome to Roadshow’s week in review, where we take a look back at the biggest stories from the past seven days. While Chevy’s new mid-engine Corvette technically debuted last week, we’ve had plenty of followup information to report, and it’s proved to be one of the hottest items from the past seven days. Toyota’s new Tacoma and 4Runner kicked off a week of hot reviews, and we drove a pair of prototypes previewing some soon-to-be-revealed new cars.Here’s a look at our most important stories from July 21 to 27, 2019.Top reviews Now playing: Watch this: BMW Cadillac Chevrolet Honda Toyota
Roya Rahmani, Afghanistan ambassador to the USAfghanistan raised strong objections on Sunday against Pakistan for linking the current situation in Kashmir with the ongoing Afghan peace talks and said it is “reckless, unwarranted and irresponsible”.Afghanistan’s ambassador to the US Roya Rahmani said in a statement: “Any such statements that link the evolving situation in Kashmir to the Afghan peace efforts are reckless, unwarranted and irresponsible.” Rahmani responded to the recent remark made by Pakistan’s ambassador to the US, Asad Majeed Khan, who said the Kashmir tensions “could potentially affect the Afghanistan peace process”.The Afghan diplomat said that Kashmir is a bilateral issue between India and Pakistan and slammed Khan’s remark as Pakistan’s “deliberate attempt to prolong the violence happening in Afghan soil.” She called Pakistan’s claim a “poor excuse” to justify its inaction against the Taliban to “avoid taking a decisive stance against the militant group”.The Islamic Republic of Afghanistan strongly questions the assertion made by Pakistan’s ambassador to the United States, Asad Majeed Khan, that the ongoing tensions in Kashmir could potentially affect Afghanistan’s peace process. pic.twitter.com/OASLSsZQ0x— Afghan Embassy DC (@Embassy_of_AFG) August 18, 2019Rahmani further detailed the cross border conflict between Pakistan and Afghanistan and condemned Pakistan-based, sanctioned and supported militant and terrorist groups that undermine Afghan security.She said Khan’s remarks were contrary to the “positive and constructive engagement Afghan President Ashraf Ghani had with Prime Minister Imran Khan and Pakistan Army Chief General Qamar Javed Bajwa on his recent visit to the country”.Washington is negotiating a deal with the Taliban regarding the withdrawal of US troops from Afghanistan and a political agreement between the two sides to end the war in Afghanistan spanning 19-years.The talks are interweaved with several political tensions between the Taliban, Washington and Kabul government. The former US ambassador to Afghanistan and Iraq, Zalmay Khalilzad, is seeking a tri-state agreement with representative delegations from opposition leaders and civil society members.Tensions between the terror organisation and the Afghan government has made negotiations between them difficult as the Taliban condemns Afghan President Ashraf Ghani’s government and calls them a US puppet.