Press release

Gruner + Jahr Establishes Editorial G+J Televisa Joint Venture for the Latin American Market

Hamburg, 13 March 2007 –

Gruner + Jahr continues its international expansionist course by entering a joint venture with the Mexican magazine publisher Editorial Televisa, with effect from April 1, 2007. Editorial Televisa has already been publishing the Mexican editions of the popular-science magazine MUY INTERESANTE and the parenting magazine SER PADRES since 1986 under license. Editorial Televisa is part of Grupo Televisa, the largest media group in the Spanish-speaking countries. Beyond the magazine business, it also operates satellite services, TV channels and online portals.

G+J´s new partnership not only opens up Latin America´s biggest media market - Mexico - but also gives the publisher an important foothold in South America. Apart from its headquarters in Mexico City, from where it services the entire Central American market, Editorial Televisa also has an office in Colombia, which is in charge of producing magazines for Colombia, Venezuela, Ecuador and Peru.

The joint venture´s portfolio will initially compass the magazines MUY INTERESANTE and SER PADRES, other magazine launches are planned.

Dr. Torsten-Jörn Klein, G+J Executive Board Member and President G+J International, commented: "The joint venture with Televisa puts us in an excellent starting position for developing business in the Latin American region, with its more than 300 million Spanish-speaking people. Together we intend to jointly launch new projects and thereby grow substantially."

The management of the Editorial G+J Televisa joint venture, which is based in Mexico City, is supervised by a board of four, on which G+J will be represented by Markus Kley, Managing Director of G+J Spain, and his predecessor Dr. Carsten Moser.

Alexander Adler
Vice President, Media Relations