By 1992, News Corp had gotten huge debts, which forced it to sell many of the American magazine interests it had acquired in the mid-1980s to K-III Communications, as well spinning off long-held Australian magazines interests as Pacific Magazines.
1992年，新闻集团已经积累了巨额债务，被迫出售许多杂志，它在20世纪80年代中期收购美国利益的K-III通信，以及分拆长期担任澳大利亚太平洋杂志杂志的利益。