Country Weekly For Sale

American Media, owner of 16 magazine titles including the National Enquirer, is jettisoning five of them, including Country Weekly.

The New York-based company is hoping to gain $300 million from the sales, according to The Wall Street Journal.

The titles, which also include Muscle & Fitness, Flex, Muscle & Fitness Hers and the Spanish-language Mira!, produced about $84 million in revenue in the past 12 months ending in March and around $30 million in operating income plus amortization, the WSJ said.