Anil Narang and Carl Wistreich—chairman and CEO, respectively, of AC Business Media—have sold their majority stake in the Wisconsin-based trade magazine publisher to Florida-based private equity firm Boyne Capital, the two sides announced Thursday. Concurrent with the sale, former Grand View Media exec Barry Lovette is joining ACBM as its new CEO, effective immediately. Terms of the deal were not disclosed. "AC Business Media is a market leader that is poised for future growth," said Lovette in a prepared statement, indicating that Boyne intends to invest significantly in ACBM's existing portfolio, which consists of ten b2b magazines as well as a handful of trade shows and digital channels, mostly serving the heavy construction space. "We are excited to partner with Boyne and Barry," said Narang and Wistreich, who will remain with the company as minority owners, in a joint statement. "We are confident that they will take the best team in the industry and AC Business Media's outstanding customers to new heights." [caption id="attachment_134715" align="alignright" width="150"] Barry Lovette[/caption] The deal marks a return to publishing for Lovette, who up until 2015 had spent ten years as president and GM of b2b publisher Grand View Media, which was sold off in pieces by owner EBSCO Industries earlier this year. Lovette had spent the past two years as an executive partner at Salt Creek Capital, a San Francisco-based private equity firm. Representing AC Business Media in... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2018-08-31 00:00:00 UTC ]
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Heavy Metal Magazine has been purchased by two show-biz veterans who have an ambitious plan to relaunch it. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-05 00:00:00 UTC ]
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F+W Media Inc. and the Germany-based Hubert Burda Media have entered into a 50-50 joint venture to run the brand Burda Style in the U.S. and Canada, as well as the U.K. digital activities of Burda Style. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-03 00:00:00 UTC ]
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Haven't finished a book since college? Between work, family, and social lives, trying to find time to read can be more effort than relaxing hobby. Here's how to make more time for your favorite page-turners.Reading is one of the most pleasurable activities out there. On a scale of human... Continue reading at Fast Company
[ Fast Company | 2014-02-27 00:00:00 UTC ]
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Random House imprint Vintage Books announces global sales of erotic thriller which started life as Twilight fan fictionOne-hundred-million copies of EL James's erotic trilogy, Fifty Shades of Grey, have now been sold around the world, her US publisher announced today.More than 27m of the books,... Continue reading at The Guardian
[ The Guardian | 2014-02-27 00:00:00 UTC ]
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As of this week, E.L. James's Fifty Shades trilogy has sold 100 million copies worldwide, and has spent 100 weeks on the "New York Times" bestseller list. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-26 00:00:00 UTC ]
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This year's NewFronts could be confused for OldFronts.Along with the NewFronts' six founding partners -- DigitasLBi, AOL, Yahoo, Hulu, Microsoft and Google -- the official 2014 lineup will again increase the presence of traditional media companies, with Time Inc. and The New York Times joining... Continue reading at Advertising Age
[ Advertising Age | 2014-02-25 00:00:00 UTC ]
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In conjunction with its distributor S&S International, Viz Media is expanding distribution of its English language print manga titles into India. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-20 00:00:00 UTC ]
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In early April Vice will debut a yet-unnamed food vertical with "American Idol" producer FremantleMedia. The brash digital-media company also has a food-related ad network on its menu.Vice and FremantleMedia will jointly develop and produce "hundreds of hours of content" for the property, said... Continue reading at Advertising Age
[ Advertising Age | 2014-02-18 00:00:00 UTC ]
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Mike Luckwell buys struggling title from Jon Moulton's private equity company, Better Capital, with plan to target over-50sReader's Digest has been sold for just £1 to Mike Luckwell, whose previous major investments have included Bob the Builder creator HIT Entertainment and WPP.Jon Moulton's... Continue reading at The Guardian
[ The Guardian | 2014-02-17 00:00:00 UTC ]
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Specs Who Brandi Glanville Age 41 Accomplishments Star of Bravo’s The Real Housewives of Beverly Hills; author (her new book, Drinking and Dating: P.S. Social Media Is Ruining Romance, will be released Feb. 11) Base Los Angeles What’s the first information you consume in the morning? I guess it... Continue reading at AdWeek
[ AdWeek | 2014-02-14 00:00:00 UTC ]
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KLM Royal Dutch Airlines said the decision to add payment via social media came from customer requests.Passengers can now pay for their flights via social media on KLM Royal Dutch Airlines. The company announced Tuesday that passengers will be able to use Facebook and Twitter to book flights,... Continue reading at Fast Company
[ Fast Company | 2014-02-13 00:00:00 UTC ]
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Satirical title has a print circulation of more than 220,000, ahead of The Economist and The WeekPrivate Eye held on to the number one spot among news magazines in the second half of 2013 with a print circulation of more than 220,000, ahead of The Economist and The Week.Ian Hislop's satirical... Continue reading at The Guardian
[ The Guardian | 2014-02-13 00:00:00 UTC ]
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Justin Smith, CEO of Bloomberg Media Group, is slated to wrap up a 100-day review of the company in the coming weeks, when he is expected to offer recommendations on the future of the global media conglomerate's TV division and digital and print operations, including Bloomberg Businessweek.His... Continue reading at Advertising Age
[ Advertising Age | 2014-02-11 00:00:00 UTC ]
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LinkedIn is looking more and more like a publisher these days. The professional networking site eschews the term, but its recent moves suggest otherwise, from its Influencers blog network to its acquisition of news reader Pulse and the introduction of native advertising. (LinkedIn calls them... Continue reading at AdWeek
[ AdWeek | 2014-02-10 00:00:00 UTC ]
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Amazon Publishing announced that Helen Bryan has become its second author, after Oliver Pötzsch ("The Hangman's Daughter"), to sell 1 million copies. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-10 00:00:00 UTC ]
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Penguin Random House UK will not be changing its distribution sites in the UK, in the wake of... Continue reading at The Bookseller
[ The Bookseller | 2014-02-07 00:00:00 UTC ]
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Staff at the magazine publisher IPC Media are expected to bear the brunt of a redundancy programme ordered by its US-based parent, Time Warner, according to reports in America.Its publishing division, Time Inc, is seeking to cut 500 jobs from its 7,800 total in what is said to be its "last big... Continue reading at The Guardian
[ The Guardian | 2014-02-05 00:00:00 UTC ]
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"Who are the Beatles?" The question ricocheted across Twitter during the 2014 Grammy Awards, where Paul McCartney and Ringo Starr reunited to perform.It's an absurd question, even from those barely old enough to tweet. The Beatles' official Twitter account has more than 2 million followers. Paul... Continue reading at Advertising Age
[ Advertising Age | 2014-02-04 00:00:00 UTC ]
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Committee says final decision on plurality issues should rest with regulator rather than secretary of stateA Lords committee has called for politicians to be stripped of the power to have the final say on large media deals, following the heavily criticised process surrounding News Corporation's... Continue reading at The Guardian
[ The Guardian | 2014-02-04 00:00:00 UTC ]
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While Facebook is positioning Paper as a way for publishers to better reach -- and, hopefully, monetize -- mobile readers, Paper may make publishers too dependent on Facebook for traffic. The meteoric rise of sites like Elite Daily, Upworthy and Viral Nova shows how social-savvy publishers can... Continue reading at Digiday
[ Digiday | 2014-02-04 00:00:00 UTC ]
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