Adweek has been sold from one private equity firm to another. The advertising industry publication, which marked its 40th anniversary last year, has been acquired by Los Angeles-based private equity firm Shamrock Capital Advisers, both parties announced Tuesday morning. The seller, Toronto-based PE firm Beringer Capital, had owned Adweek for the past four years, acquiring it in July 2016, about six months after the breakup of its former parent company, Prometheus Global Media, by then-owner Guggenheim Partners. Adweek CEO Jeffrey Litvack, who will stay on after the sale, declined to share financial terms of the sale, but tells Folio: that the deal had been in the works for several months, since well before the start of the pandemic. Despite a reliance on in-person gatherings, Adweek pivoted quickly to a virtual events strategy, he said, which has allowed it to maintain cash flow and avoid making any major cutbacks. An announcement adds that "Adweek’s editorial and business operations remain unchanged" following the sale. “Adweek’s experienced management team has done a tremendous job of building on its established brand, expanding its industry coverage and its product offering to further solidify its leading position in the marketplace," said Laura Held, partner at Shamrock Capital, in a statement. "We look forward to working with Adweek to continue to drive strong growth, both organically and through acquisitions.” Founded in 1978 as an investment vehicle for the Disney... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-06-02 15:47:54 UTC ]
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Bookouture has acquired four memoirs and its first true crime story for its new non-fiction imprint, Thread. Continue reading at The Bookseller
[ The Bookseller | 2021-01-05 19:04:16 UTC ]
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Chicago Review Press, a publishing subsidiary of the distributor IPG, has reached an agreement to acquire 126 select backlist titles, as well as a handful of forthcoming books, from Fulcrum Publishing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-01-05 05:00:00 UTC ]
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Like all digital media businesses, Adweek is looking back at the challenges and successes of a vexing 2020, while also looking ahead to the opportunities in 2021. And we're going to start early--as in today. You may notice some changes to the Adweek.com homepage as we have scoped out new areas... Continue reading at AdWeek
[ AdWeek | 2020-12-29 12:00:28 UTC ]
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AT&T’s WarnerMedia has brought on a startup to help it get HBO Max into more places. The entertainment arm of the Dallas company has acquired Canada-based You.i TV, a provider of cross-platform development tools for television and media companies, according to a statement. Terms were not... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-12-23 22:03:09 UTC ]
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Short Books will publish a "trailblazing" book about glucose and its effects from biologist and entrepreneur Jessie Inchauspe, founder of the Glucose Goddess Instagram account. Continue reading at The Bookseller
[ The Bookseller | 2020-12-23 09:19:16 UTC ]
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Indie publisher Everything with Words has acquired a "beautifully written and compelling" children's series by Richard Lambert. Continue reading at The Bookseller
[ The Bookseller | 2020-12-22 20:33:51 UTC ]
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Del Rey, the SFF imprint of Cornerstone, has acquired A E Warren's four-book high-concept science fiction series, described as "Jurassic Park meets Sapiens, set within a bold new imaginative world". Continue reading at The Bookseller
[ The Bookseller | 2020-12-21 17:20:07 UTC ]
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Dialogue Books has acquired A Working-Class Family Ages Badly: A Memoir of Love and Life Between Two Pandemics by Juno Roche. Continue reading at The Bookseller
[ The Bookseller | 2020-12-17 17:09:37 UTC ]
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Sceptre has acquired Tiepolo Blue, a satire set in the art world of 1990s London, at auction. The book, charting the fall from grace of an esteemed Cambridge professor, is the debut of James Cahill, a critic and academic at King’s College London. Continue reading at The Bookseller
[ The Bookseller | 2020-12-10 03:09:25 UTC ]
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Welbeck Publishing Group has become the majority owner of the mental health and wellbeing publisher, Trigger Publishing. Continue reading at The Bookseller
[ The Bookseller | 2020-12-08 22:23:34 UTC ]
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Penguin Michael Joseph has acquired two more novels from Mary Beth Keane, author of Ask Again, Yes (Penguin, 2020). Continue reading at The Bookseller
[ The Bookseller | 2020-12-03 08:28:59 UTC ]
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Hodder Studio will publish Ellie Taylor's memoir My Child and Other Mistakes: How to Ruin your Life in the Best Way Possible next summer. Continue reading at The Bookseller
[ The Bookseller | 2020-11-29 12:35:38 UTC ]
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Alison Hennessey, publishing director of Bloomsbury Publishing's Raven Books, has sealed a two-book deal after a "passionately fought" auction for The Leviathan and The Puzzle Wood by debut author Helen-Rose (Rosie) Andrews. Continue reading at The Bookseller
[ The Bookseller | 2020-11-26 12:42:55 UTC ]
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Welbeck Publishing Group has acquired The Princess by Wendy Holden, which will complete Holden’s trilogy about outsiders in the House of Windsor. Continue reading at The Bookseller
[ The Bookseller | 2020-11-26 09:30:44 UTC ]
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Deep Vellum Publishing is acquiring the assets of Dalkey Archive Press and will maintain the company as a distinct imprint, acquiring new titles as well as maintaining the press's backlist. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-11-24 05:00:00 UTC ]
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Hachette Children’s Group has acquired two non-fiction picture books and two picture books by debut author and illustrator Ellan Rankin, winner of the 2020 Carmelite Picture Book Prize. Continue reading at The Bookseller
[ The Bookseller | 2020-11-23 20:16:52 UTC ]
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Hodder Studio has acquired two titles from Heather Marshall at auction, including her debut Looking for Jane. Continue reading at The Bookseller
[ The Bookseller | 2020-11-23 05:52:21 UTC ]
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News Corp c.e.o. Robert Thomson has said that it would be a "serious antitrust issue" for the industry if Bertelsmann were to acquire Simon & Schuster. Continue reading at The Bookseller
[ The Bookseller | 2020-11-19 09:05:23 UTC ]
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Gollancz, the SFF imprint of the Orion Publishing Group, will publish a "thrilling" fantasy debut by horror writer and scriptwriter Christopher Buehlman. Continue reading at The Bookseller
[ The Bookseller | 2020-11-19 06:47:05 UTC ]
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