IT'S shaping up to be the summer of no deals in the world of magazines.
The biggest deal not getting done is Us Weekly, as Wenner Media owner Jann Wenner, who was said to be quietly testing the waters to sell the celebrity weekly for a blockbuster price of $750 million, has apparently broken off the talks.
"It's not happening," said one insider with knowledge of the discussions.
A Wenner spokesman insisted, "We have said all along Us Weekly is not for sale."
How will Donald Trump’s first 100 days impact YOU? Subscribe, choose the community that you most identify with or want to learn more about and we’ll send you the news that matters most once a week throughout Trump’s first 100 days in office. Learn more