Condé Nast has sold Golf Digest to Discovery Inc., the companies said on Monday, as the publisher of The New Yorker, Vanity Fair and Vogue sheds titles amid recent losses related to the decline of the magazine business.

Neither company disclosed terms of the deal, but two people with knowledge of the matter who were not authorized to discuss it publicly said the sale price was $35 million.

Discovery said that it would retain Golf Digest’s editorial staff, including its top editor, Jerry Tarde, and would continue to publish the monthly print magazine. The company also said Mr. Tarde would be the global head of strategy and content for Discovery Golf, a unit that includes the digital platform GolfTV, which live-streams professional golf tournaments for audiences outside the United States.

“As we look to the future, Discovery’s global scale and ability to light up content on all platforms and in every language, combined with the PGA Tour’s brand, will benefit golf and golfers worldwide,” Mr. Tarde said in a statement.