Three years ago, the family even tried to sell the magazine to one of those large publishing groups.
It is independent and has no links with any publishing group.
The two companies combined on 1 January to form one of the world's biggest publishing groups.
His publishing group, along with two other companies he owns, has annual revenues of $400 million.
By 1997, when Masters retired, it had grown to a publishing group of 1,500 people.
Much of the publishing group's revenue comes from real estate investments.
This was a major alert requiring immediate changes in the publishing group's management and systems.
Today the publishing group has a presence in six countries and distributes its products worldwide.
Arena is an independent Australian radical and critical publishing group.
The publishing group's revenues, excluding the effect of magazines sold off, were up 3 percent.