Ms. Magazine Sold
Next year, Ms. magazine will not only be owned and operated by a new boss, but the headquarters will move from New York to Los Angeles. The 30-year-old magazine was purchased in 1998 from MacDonald Communications, but has most recently changed ownership to the LA-based Feminist Majority Foundation, managed by one-time National Organization for Women President Eleanor Smeal. The first issue to be published by the feminist group will be on newsstands spring 2002.
Ms. magazine has had a long and vibrant history since it first launched In 1971 by Gloria Steinem. By May 1999, the bimonthly published with no advertising. "Ms. had not controlled its own financial life for about a dozen years,' Steinem recently explained. "It had accidental owners who bought it together with other magazines. We always wanted to buy it back."
In the interim, most of the magazine's New York staff has been laid off. And Steinem will become a consulting editor for the new Ms., which according to reports, will chart literary and pop trends related to women, as well as activist exposure of women's issues internationally. It's also expected that the magazine will affiliate with outreach programs, including an international book club and health insurance platform.