The Express-News' parent company is buying San Antonio Magazine
Hearst Corp., the owner of the San Antonio Express-News, appears to be near a deal to buy recently shuttered San Antonio Magazine, a document obtained by the Current shows. New York-based Hearst will pay $150,000 in cash plus an amount equal to 90% of the magazine's accounts receivable, according to a purchase agreement between the two companies. The copy of the contract obtained by the Current had not yet been signed by either party.
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