French media group Lagardere Active (LAGB.FR) has sold five
specialist magazines to U.S. company Bonnier Corp. for an undisclosed sum, Lagardere subsidiary Hachette Filipacchi Media U.S. said in a statement Tuesday.

The titles sold were Popular Photography, Flying, Boating, Sound and Vision and American Photo. HFM U.S. said the sale was “a strategic move” allowing it to focus on its core women’s and auto magazines, as well as developing online.
Bonnier Corp. owns more than 50 magazines in the United States including Popular Science, Parenting and Field & Stream.

HFM U.S. says it is the world’s largest magazine publisher and puts out Elle, Woman’s Day and Road and Track.

A bankruptcy judge certified the sale of the bulk of the assets of Chrysler LLC to a group led by Fiat SpA (FIATY), paving the way for a challenge of the sale order to be heard by the U.S. Second Circuit Court of Appeals.

In an order Tuesday, U.S. Bankruptcy Judge Arthur Gonzalez in Manhattan found the sale order should be heard by the Second Circuit, skipping the usual path of having the case first reviewed by a U.S. district judge. Gonzalez approved the sale late Sunday.

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