Texas Monthly sold to billionaire oil heiress

A Houston billionaire oil heiress is taking over Texas Monthly. Randa Duncan Williams announced today she bought the publication while also promising to heavily invest in it. Williams says she's been reading the so-called National Magazine of Texas since she was a teenager and loves its editorial flair. 

Terms of the deal were not released but former owner Paul Hobby paid 25-million for Texas Monthly in 2016.

Photo: Getty Images

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