AFFILIATED PUBLICATIONS &lt;AFP> TO BUY BILLBOARD

  Affiliated Publications Inc said it
  agreed to acquire all the outstanding stock of &lt;Billboard
  Publications Inc> for 100 mln dlrs in cash from a shareholder
  group led by &lt;Boston Ventures Limited Partnership.>
      Affiliated, which owns the company that publishes the
  Boston Globe, said the acquisition will give it a strong
  position in the growing market for specialty magazines.
      Under a separate agreement, Affiliated said that certain
  members of Billboard's management plan to buy up to 10 pct of
  the equity in Billboard following Affiliated's acquisition of
  the company.
      Billboard publishes eight specialty magazines, including
  Billboard magazine, and 15 annual directories. It also
  publishes and distributes speciality books under four imprints
  and operates two book clubs.
      Affiliated is the parent company of Globe Newspaper Co,
  publisher of the Boston Globe. It also has interests in
  cellular telephone and paging services providers.
  

