Maxim Magazine is sold to group with TV-channel plans

Darden Media Group has purchased Maxim Magazine for an undisclosed sum and is actively pursuing distribution agreements for a new branded channel. The goal is to reach 35 million homes by the end of 2013, plus to develop a Maxim music label, according to the group's head, Calvin Darden. The moves would build on recent Maxim efforts to establish an online video presence.

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