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Citigroup and Lazard ran the Emap sales process.
"Across the Emap portfolio 67% of revenues are from digital and events.
The Emap and 4C company brands will be "retired" next year.
With the Emap properties, formerly called Petersen Publishing, Primedia will publish about 280 consumer and business-to-business magazines.
The Emap board is believed to have met yesterday to consider bids for the consumer division, valued at about £700m.
Communicorp is paying €200m (£135m) in cash for the Emap stations, which last year had revenue of £21m and an operating profit of £7m.
Top Right will now merge the Emap operations with its 4C division, home to businesses including environmental data business Groundsure, Glenigan and Planet Retail.
A 4% spike in the Emap share price this morning to a 10-month high of 874p suggested the City was treating the prospect of a bid seriously.
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Adam Uytman has been hired to replace Mr Ashton, and joins the alternative music station from the Emap-owned Kerrang!
While there may be other mechanisms contributing to cell killing when there is contact, the equivalent effect of antibody blocking in contact and noncontact cultures suggest that the EMAP-II mechanism predominates.
The campaign "is the most extensive integrated marketing program we've ever done" for an advertiser, said Dana Fields, president and executive publisher at FHM in New York, part of the Emap Metro division of Emap.
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