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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International media group Future plc has acquired NewBay Media for an initial net value of $13.8 million, the companies announced today. NewBay Media, based in London and New York, is a magazine and website publisher, with multiple verticals covering fields like TV and audio, electronics and... Continue reading at AdWeek
[ AdWeek | 2018-04-05 00:00:00 UTC ]
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The independent publisher, founded in 2014, has agreed to acquire what it termed “a substantial portion of [the] worldwide intellectual property rights” of Parragon. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-05 00:00:00 UTC ]
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Independent Publishers Group (IPG) has acquired the academic book distributor International Specialized Book Services (ISBS). Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-04-04 00:00:00 UTC ]
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Meredith Corp. CEO Tom Harty had some big news to share with Time Inc. staffers during a town hall yesterday in New York: Legendary (and newly acquired) titles Sports Illustrated, Fortune, Money and Time will be sold. The Iowa-based Meredith owns monthly magazines that target women, including... Continue reading at AdWeek
[ AdWeek | 2018-03-22 00:00:00 UTC ]
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Open Road announces its acquisition of US ebook rights to iconic British journalist-novelist Graham Greene, as the UK's Unicorn names artist Ali Cavanaugh for a 2019 retrospective. The post Open Road Acquires US Graham Greene Ebook Rights; Unicorn Announces Ali Cavanaugh Book appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-03-13 00:00:00 UTC ]
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Rolling out the news of its acquisition with three pivotal titles, Open Road announces its Graham Greene US ebook rights acquisition, as the UK’s Unicorn names artist Ali Cavanaugh for a 2019 retrospective. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Jon Fine: ‘Greene’s Extraordinary... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-03-13 00:00:00 UTC ]
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'A Future of Faith: The Path of Change in Politics and Society' by Pope Francis and French sociologist Dominique Wolton, based on a series of talks the two had last spring, will be published in North America in August. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-03-13 00:00:00 UTC ]
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Shebooks, which has released 75 ebook titles to date, will become the ebook only option for SparkPoint's She Writes Press imprint. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-02-23 00:00:00 UTC ]
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Hodder Children’s Books, part of Hachette Children’s Group (HCG), has bought the UK and Commonwealth rights to a new series by YA author Taran Matharu. Continue reading at The Bookseller
[ The Bookseller | 2018-02-14 00:00:00 UTC ]
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Chatto & Windus has acquired a "powerful" debut poetry collection exploring the New Cross massacre of 1981 and the Grenfell Tower fire in 2017. Continue reading at The Bookseller
[ The Bookseller | 2018-02-13 00:00:00 UTC ]
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Pan Macmillan is publishing Ten to Zen, a book providing 10-minute "mind workouts" to tackle stress from NHS psychotherapist Owen O’Kane. Continue reading at The Bookseller
[ The Bookseller | 2018-02-06 00:00:00 UTC ]
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Atlantic Books is to publish The Prime Ministers: Reflections on Leadership by political commentator and journalist Steve Richards. Continue reading at The Bookseller
[ The Bookseller | 2018-01-26 00:00:00 UTC ]
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ICM Partners has acquired the Sagalyn Agency, a Washington, D.C.–based literary agency, following a four-year partnership between the two firms. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-01-26 00:00:00 UTC ]
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Chris Ferrell's newly formed Endeavor Business Media acquires Grand View's Process Flow Network, says more deals are on the horizon. The post Former SouthComm CEO Starts New Company, Acquires Three Magazines appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-01-23 00:00:00 UTC ]
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Private equity firm Aurelius has bought wholesaler and distributor Connect Books from distribution company the Connect Group for £11.6m. Continue reading at The Bookseller
[ The Bookseller | 2017-12-22 00:00:00 UTC ]
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Pan Macmillan has acquired Deborah Hewitt’s The Nightjar, a book for adult readers infused with magical adventure and Finnish mythology. Continue reading at The Bookseller
[ The Bookseller | 2017-12-19 00:00:00 UTC ]
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Picador has acquired a "unique" and "stirring" poetry anthology of migrant stories from schoolchildren, called England. Continue reading at The Bookseller
[ The Bookseller | 2017-12-19 00:00:00 UTC ]
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Blackwell’s e-textbook platform, Blackwell Learning, has been sold to rival Kortext for an undisclosed sum. Continue reading at The Bookseller
[ The Bookseller | 2017-12-14 00:00:00 UTC ]
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The art and design title will become a joint venture between Adam Sandow and its founders, Hudson News moguls Lisa and James Cohen. The post Sandow Acquires Stake in Galerie Magazine appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-12-13 00:00:00 UTC ]
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Amid interest in nonfiction among young adult Russian readers, Eksmo-AST opens a new imprint, Bombora, with an eye to Western rights sales. The post Russia’s Eksmo-AST Creates New Imprint To Capitalize on Nonfiction Demand in Marketplace appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-12-04 00:00:00 UTC ]
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