AMERICAN EXPRESS PUBLISHING AND EDITORIAL TELEVISA ANNOUNCE THE LAUNCH OF TRAVEL +...

AMERICAN EXPRESS PUBLISHING AND EDITORIAL TELEVISA ANNOUNCE THE LAUNCH OF TRAVEL + LEISURE EN ESPANOL

New Title to be Sold in 17 Countries Across Latin America Plus Selected Areas Within the U.S.


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NEW YORK–(HISPANIC PR WIRE – BUSINESS WIRE)–Sept. 3, 2002–American Express Publishing Corporation and Editorial Televisa, S.A. DE C.V. announce the launch of Travel + Leisure en Espanol.

The first issue, October 2002, is scheduled to be on newsstands in late September with an initial distribution of 120,000 copies and an equivalent cover price of between US $3.00 and US $4.00 based on local currencies. Travel + Leisure en Espanol will be sold in 17 countries across Latin America and the Caribbean, including major markets such as Mexico, Chile, and Argentina, as well as Puerto Rico and selected Spanish-speaking areas within the United States.

Reynaldo Ales has been named editor in chief of Travel + Leisure en Espanol. Most recently, Mr. Ales was editor in chief of Men’s Fitness en Espanol and editor in chief of Motor Trend en Espanol. Other past positions include Associate Editor of Newsweek en Espanol and Managing Editor at Airboard Inflight Magazines. He has also been a freelance travel writer-photographer.

American Express Publishing brings particular expertise with brand positioning, vast consumer subscription efforts including powerful database marketing capabilities, and superb editorial design across all its titles. Travel + Leisure is the world’s leading travel magazine and a perceived brand leader, and editor in chief Nancy Novogrod will help guide all editorial design and content of Travel + Leisure en Espanol. Editorial Televisa has a very strong pan regional presence and is the market leader across a host of media channels including TV, radio, event, and magazine platforms. In addition to using these channels to help promote the magazine, Editorial Televisa also brings extremely strong newsstand distribution, powerful advertising sales packaging, and a dedicated corporate sales staff.

Mark Stanich, SVP/Chief Marketing Officer, American Express Publishing Corporation, says, “We continue to look for new ways to expand and constantly reinvigorate the strong franchises which we enjoy. We’ve had success in driving new revenue streams and customer growth through such avenues as books, consumer products, club services, and web-based information. International is the next logical step in extending our footprint to consumers and advertisers globally. We will focus our international efforts for Travel + Leisure on markets which are increasing in affluence, whose consumers value travel experiences, where the ad market is strongly developed, and where our magazines can aid in broader American Express communications efforts.”

Eduardo Michelsen, Director General of Editorial Televisa International,says, “American Express Publishing is the perfect partner for us as we move to expand our offerings in the upscale category of magazines and other media. We believe Travel + Leisure will be one of the truly premier brands across all of Latin America, and the strengths of these two companies are perfectly complementary.”

American Express Publishing is the leading publisher of luxury lifestyle magazines. Travel + Leisure, Food & Wine, Departures, T&L Golf, and Travel + Leisure Family magazines are part of the American Express Publishing Corporation, a subsidiary of the American Express Company managed by Time, Inc. under the terms of an agreement signed in March 1993. The company also publishes SkyGuide and a variety of cooking, travel, wine, time management, and financial books and products, plus a custom publishing group.

Editorial Televisa is the largest publisher of Spanish-language magazines in the world. The company publishes 45 titles with a combined circulation of over 7.9 million and distribution in 19 countries throughout the western hemisphere. Editorial Televisa is a subsidiary of Grupo Televisa, the largest Spanish-language media conglomerate in the world, encompassing television networks and stations, radio, internet, event production, and motion picture production and distribution.

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CONTACT:

American Express Publishing

Elisa Shevitz

212/382-5679

AMERICAN EXPRESS PUBLISHING AND EDITORIAL TELEVISA ANNOUNCE THE LAUNCH OF TRAVEL + LEISURE EN ESPANOL