The story
It was formed in 1972 as CBS Publications. CBS expanded its magazine group by acquiring Fawcett Publications in 1977, and the majority of the Ziff Davis magazines in 1984. CBS Publications in 1982 sold Fawcett Publications to Ballantine Books while Popular Library was sold to Warner Communications.
Executive Peter Diamandis acquired the division in 1987. Hachette purchased Diamandis Communications in 1988.
In May 2009, the company sold American Photo, Flying, Boating, Sound & Vision, and Popular Photography to the Bonnier Group.
Hearst Magazines acquired Hachette Filipacchi Media U.S. magazines along with most of Hachette Filipacchi's international magazines in May 2011.
From Wikipedia’s article on Hachette Filipacchi Media U.S., shared under CC BY-SA 4.0.3