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Disney sees sale of Us Weekly stake by fall

Written by: Staff
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NEW YORK, Aug 9 (Reuters) Walt Disney Co. on Wednesday said it plans to sell its stake in celebrity magazine Us Weekly for about 0 million.

The deal is expected to close this autumn, Tom Staggs, Disney chief financial officer, told analysts on a morning conference call.

Disney agreed to purchase a half stake in the magazine from Wenner Media in 2001.

REUTERS SKU RN1847

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