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Vance sells magazines to columnist

Vance Publishing has sold four magazines to a company run by one of its columnists.
Cotton Farming, Rice Farming, Peanut Grower and Soybean South were bought by Mike Lamensdorf, president and treasurer of One Grower Publishing.
Readers of Cotton Farming know Lamensdorf as the writer of the "My Turn" column.
Vance had earlier announced its plans to sell three of the publications. And I've already predicted that the sale clears the way for Vance to divest the rest of its food-industry publications.
FULL DISCLOSURE: Although I was once a senior writer at Vance, I did not work with the magazines that have been sold and I don't know Mike.