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NEW YORK (AP) — "This Old House" is getting new ownership.
The venerable home-improvement brand — whose flagship TV series has been on the air since 1979 — has been acquired from Time Inc. by former Time Inc. exec Eric Thorkilsen in partnership with private equity firm TZP Group, the new company announced Friday.
This Old House Ventures LLC will be anchored by "This Old House" and TV sibling "Ask This Old House," as well as This Old House magazine, online content, a line of books and other branded products.
Thorkilsen was named CEO of the new company. Susan Wyland, most recently an editorial consultant, joins This Old House magazine as its new editor-in-chief.
Thorkilsen said that from the audience's point of view, the transition will be seamless.
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