This Old House has a new owner. Time Inc. sold the home improvement brand to former Time Inc. exec Eric Thorkilsen and a private equity firm, TZP Group.
Debuting on public television in 1979, This Old House and its spinoff, Ask This Old House, have become a top home improvement brand, with Time Inc. launching the magazine in 1995.
A longtime fan of the show, Thorkilsen told AP that "Our No. 1 goal is to not screw it up. We're looking to acquire this brand for what it is, not for how we can change it. We think we can add to it, but the core of it is working very well."