The purchase price is reportedly $2.4 million, but the final number could not be confirmed.
What Lonely Planet gets in this sale is not certain yet. Remaining subscribers, magazine archives, and digital assets likely come with the sale, but possibly not the name.
In January, magazine founder Arthur Frommer updated a previously filed trademark infringement lawsuit against IntelliTravel Media, which operated the magazine during bankruptcy.
Read full story at: http://skift.com/2014/02/07/lonely-planet-buys-budget-travel-magazine-reportedly-for-2-4-million/
