Active Interest Media Sells Several Magazines to Pocket Outdoor Media

Active Interest Media has sold off its healthy living, fitness and outdoor divisions, collectively representing several of its largest publications, to Pocket Outdoor Media, a Colorado-based publisher of a handful of enthusiast magazines, the two companies announced Tuesday. Included in the sale are Backpacker, Better Nutrition, Clean Eating, Climbing, Muscle & Performance, NatuRx, Oxygen, Ski, Vegetarian Times and Yoga Journal magazines, as well as the digital outlet SNEWS and the action sports film studio Warren Miller Entertainment, among other properties. Terms of Tuesday's acquisition were not disclosed, although Pocket Outdoor Media says the deal coincides with the closing of a Series A round of funding from JAZZ Venture Partners, a San Francisco-based VC firm. Founded in 2017, Pocket Outdoor Media’s existing portfolio includes the cycling magazine VeloNews as well as Triathlete and Women’s Running magazines and the trade journal Bicycling Retailer, which it acquired from Emerald Expositions last year. The assets included in the sale represent 30% of Active Interest Media in terms of revenue, according to president and CEO Andy Clurman, who tells Folio: that AIM is maintaining ownership of its equine, marine and home groups—the latter of which includes several magazines that were purchased last year in a bankruptcy auction for assets owned by the now-defunct F+W Media—as well as "central services," such as its branded content studio Catapult Creative... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-06-30 21:15:44 UTC ]
News tagged with: #maintaining ownership #home groups— #bankruptcy auction #assets owned #central services #original intention #great partner #pocket outdoor #present moment #natural fit #daily basis #prepared statement #inspire people #love—yoga #greater enjoyment

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