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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The 50-year-old publisher of books on D.I.Y. home building and personal fitness will become AdventureKEEN's seventh imprint, and founding publisher Lloyd Kahn will continue to oversee the list. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-01-05 05:00:00 UTC ]
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Lerner Publishing Group has acquired Wellington, New Zealand–based children’s book publisher Gecko Press. The acquisition involves approximately 200 titles, including 18 to 20 new titles planned for 2024. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-12-19 05:00:00 UTC ]
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Hay House, founded by the late Louise Hay and acquired by Penguin Random House, has offices in Australia, India, the States, and UK. The post Penguin Random House Acquires Self-Help Publisher Hay House appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-12-13 03:58:01 UTC ]
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Penguin Random House has acquired the self-help and health and wellness publisher, which puts out roughly 100 books a year and boasts a 1,500-title backlist. CEO Reid Tracy will continue to lead the house. Terms of the transaction were not disclosed. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-12-12 05:00:00 UTC ]
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Adweek, the leading source of news, insights and intelligence for the marketing and advertising industry, today announced it has hired former Vice President and General Manager of People, Zoe Ruderman as Chief Content Officer and Drew Schutte, former executive at Conde Nast titles The New... Continue reading at AdWeek
[ AdWeek | 2023-11-30 19:30:00 UTC ]
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Red Wheel/Weiser has agreed to acquire Quest Books, an imprint of the Theosophical Publishing House, the publishing arm of the Theosophical Society in America. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-11-17 05:00:00 UTC ]
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Retirement typically leads to rest, relaxation and enjoying the fruits of one's labor. But for athletes like NBA Champion Matt Barnes, it can open the door to another world of opportunities and ventures. In the latest episode of Yeah, That's Probably An Ad, community editor Luz Corona is joined... Continue reading at AdWeek
[ AdWeek | 2023-11-03 15:27:09 UTC ]
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The Dutch Slimmer AI's science division moves to Springer Nature in a partnership intended to support editors and research writers. The post Academic Publishing: Springer Nature Acquires Slimmer AI’s Science Division appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-10-27 11:34:24 UTC ]
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Volga-Dnepr Airlines served notice Monday of its intent to initiate a formal dispute with the Canadian government over Ottawa's seizure of an Antonov-124 cargo plane that's been parked at Pearson airport ever since Russia launched its full-scale... Continue reading at CBC
[ CBC | 2023-08-18 08:00:00 UTC ]
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The 99-year-old publishing company is being sold to private equity firm KKR for $1.62 billion. The original sale to PRH was for $2.2 billion. Continue reading at Book Riot
[ Book Riot | 2023-08-08 13:23:36 UTC ]
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The sale comes after Paramount failed to sell the book publishing giant to Penguin Random House. Iconic American publishing company Simon & Schuster has a new owner. On Monday, the publisher was acquired by private equity firm KKR in a $1.62 billion deal. Here’s what you need to know.Read... Continue reading at Fast Company
[ Fast Company | 2023-08-08 08:50:00 UTC ]
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Simon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that competition would shrink the book market Continue reading at ABC News
[ ABC News | 2023-08-08 02:22:18 UTC ]
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The deal, for $1.62 billion, will put control of a cultural touchstone in the hands of a financial buyer. Continue reading at The New York Times
[ The New York Times | 2023-08-07 23:51:30 UTC ]
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Paramount Global has sold the publisher after a federal judge blocked rival Penguin Random House from buying itSimon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that... Continue reading at The Guardian
[ The Guardian | 2023-08-07 21:05:30 UTC ]
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In what is likely a record price for an audiobook publisher, KKR, the private equity firm that owns RBmedia—and a rumored contender to buy S&S—is selling the company for an alleged $1 billion sum. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-07-26 04:00:00 UTC ]
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SPBC, which created a marketplace where authors can buy premade covers, has now become a newly formed D2D division titled Author Success, headed by v-p Nick Thacker. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-07-24 04:00:00 UTC ]
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The upstate New York literary press has taken over publication of more than 100 Nomadic books in a deal that closed earlier this month. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-06-27 04:00:00 UTC ]
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By acquiring the Washington, D.C.–based literary agency, WME signals a deepening focus on literary talent and specifically nonfiction, as well as a physical expansion into the D.C. area. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-06-02 04:00:00 UTC ]
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Arcadia Publishing continues to build on its presence in the local nonfiction and regional history market with the purchase of Applewood Books, the Carlisle, Mass.–based publisher with a backlist of 2,500 titles. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-04-04 04:00:00 UTC ]
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The romance and women’s fiction specialist, with a 250-book backlist, was purchased for and undisclosed sum by the largest independent publisher of e-books in the U.K. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-03-29 04:00:00 UTC ]
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