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 steady pace of acquisitions in the printing world continued this week with the announcements of CJK Group's purchase of McNaughton & Gunn and BR Printers' acquisition of JP Graphics. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-03-02 05:00:00 UTC ]
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The Cambridge, Harvard, and Princeton university presses and Simon & Schuster published the 2024 PROSE Excellence Awards. The post Princeton University Press’ ‘Spiderweb Capitalism’ Wins Hawkins Award appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-02-23 14:57:25 UTC ]
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The 'research solutions' division of Springer Nature acquires the TooWrite platform, still in development, for research writers. The post Springer Nature Acquires TooWrite for Its Writing Researchers appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-02-14 18:04:52 UTC ]
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Penguin Random House Audio has acquired Playaway Products, a producer of physical audio players and tablets preloaded with content. Launched in 2005 and based in Solon, Ohio, the company offers 36,000 titles and works with some 40,000 libraries and institutions. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-02 05:00:00 UTC ]
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Springer Nature leadership talks of creating 'a dynamic, open repository of medical knowledge' with its Cureus acquisition. The post Springer Nature Acquires Medical Journal ‘Cureus’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-12-07 17:04:53 UTC ]
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News Corp co-chair’s lawyer tells federal court she intends to show Crikey did not republish article for public interest reasonsFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastCrikey hired a marketing company to... Continue reading at The Guardian
[ The Guardian | 2022-11-30 06:29:17 UTC ]
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With is acquisition of Move Books, Charlesbridge plans to launch a new middle-grade imprint called Charlesbridge Moves, helmed by Move Books founder Eileen Robinson. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-11-21 05:00:00 UTC ]
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The Bologna bookstore, Giannino Stoppani, was damaged by fire in May. Sharjah World Book Capital has contributed €50,000 to assist. The post Sharjah World Book Capital Supports a Fire-Damaged Italian Bookstore appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-11-08 12:43:42 UTC ]
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The government’s case blocked the merger of two of the United States’ largest publishers and reflected a more aggressive approach to curbing consolidation. It was closely watched by the publishing industry. Continue reading at The New York Times
[ The New York Times | 2022-11-01 01:28:52 UTC ]
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The intent media model has come to dominate the digital media world, and Future plc is one of its most well-known practitioners. Future's chief revenue officer, Zack Sullivan, joined Adweek media editor Lucinda Southern at Publishing Week to discuss the rise of intent media, how the pandemic... Continue reading at AdWeek
[ AdWeek | 2022-10-21 10:00:00 UTC ]
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Bookstore visits and author addresses were among the primary events for booksellers attending the California Independent Booksellers Alliance's conference this year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-09-13 04:00:00 UTC ]
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Penguin Young Readers Licenses has secured the trade publishing rights for 'Super Sema,' an animated series from licensor Kukua Education Limited that began its second season as a YouTube Original on June 17. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-18 04:00:00 UTC ]
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Mad Cave Studios, a Miami graphic novel publisher, has acquired Papercutz, the groundbreaking independent children’s graphic novel house founded in 2005 by Terry Nantier and Jim Salicrup. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-17 04:00:00 UTC ]
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As part of its expansion into the education market with the launch of DK Learning in April, DK has acquired Phonics Books, a publisher of more than 300 decodable books for beginner and catch-up readers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-02 04:00:00 UTC ]
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Gentrification takes center stage in Cleyvis Natera’s debut novel Neruda on the Park, which follows the different reactions the members of the Guerrero family have to the impending redevelopment of their predominantly Dominican New York City neighborhood.When a neighboring tenement is demolished... Continue reading at Electric Literature
[ Electric Literature | 2022-07-28 11:00:00 UTC ]
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France's Strasbourg is to begin its tenure as UNESCO's World Book Capital on April 23, 2024, as Accra concludes its year in the role. The post UNESCO Names Strasbourg Its World Book Capital 2024 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-07-20 20:26:21 UTC ]
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Astra Publishing House has acquired DAW Books, bringing a list of 2,000 science fiction and fantasy titles to the burgeoning New York–based, Chinese-owned publisher. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-07-13 04:00:00 UTC ]
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Journalist Alan Murray places his faith in business to solve society's greatest challenges. Continue reading at The Washington Post
[ The Washington Post | 2022-06-17 12:00:22 UTC ]
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Through the deal, the U.K.-based talent agency Curtis Brown, which reps such authors as Nigella Lawson and Jojo Moyes and such estates as those of Ian Fleming and A.A. Milne, will continue to operate under its existing structure and management team. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-06-13 04:00:00 UTC ]
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We talk with Ross and Heidi Rojek, who opened Capital Books in downtown Sacramento, Calif., in spring 2019. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-05-13 04:00:00 UTC ]
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