Kalmbach is a respected publisher of "enthusiast" magazines such as Astronomy. It's a great fit; Kalmbach's a good publisher and they should take good care of the magazine, its 700,000+ readers, and the brand. They're not a buy-and-sell type of company.

Discover was founded in 1980 by Time Inc., and it was then in the vanguard of a new movement of science writing for popular audiences. The articles were written by scientifically literate professional journalists who were able to bring science to mass, non-expert audiences. The magazine has been owned by quite a few companies in the meantime, including the Walt Disney Company and a company that included magazine entrepreneur Bob Guccione Jr (who later flirted with the idea of resurrecting his father's popular science/futurist magazine Omni, but I haven't seen anything on that possibility for years now, so I assume it's not going to happen).
So at least one happy ending in the magazine marketplace these days.
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