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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In the latest of its moves amid East-European educational-sector interests, it proposes taking over publishing and distribution assets in Bulgaria. The post Germany’s Klett Applies To Acquire Bulgarian Publishing and Distribution Group appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-12-01 00:00:00 UTC ]
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The publisher has been folded into John Murray Press as an imprint, and will be overseen by managing director Nick Davies, while Kingsley herself plans to retire. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-11-30 00:00:00 UTC ]
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Magazine publisher and broadcast company Meredith Corp. said Sunday afternoon it will acquire Time Inc. in a deal valued at $2.8 billion, a further sign of the steep challenges facing the print magazine industry. The Des Moines, Iowa-based company said in a statement that it has agreed to pay... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-11-27 00:00:00 UTC ]
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Washington, D.C.’s laser-focused publishers are eager to shape the world around us. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-11-24 00:00:00 UTC ]
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Little, Brown imprint Orbit has acquired the Rosewater trilogy from British author Tade Thompson. Continue reading at The Bookseller
[ The Bookseller | 2017-11-17 00:00:00 UTC ]
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Picador has acquired two books from writer Olivia Laing, including a first novel called Crudo about "finding love amidst the global chaos of the summer of 2017". Continue reading at The Bookseller
[ The Bookseller | 2017-11-14 00:00:00 UTC ]
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Oneworld’s Rock the Boat imprint has acquired world language rights for Jaco Jacobs’ A Good Night for Shooting Zombies, a middle grade novel that "tackles important issues with a big heart." Continue reading at The Bookseller
[ The Bookseller | 2017-11-11 00:00:00 UTC ]
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Octopus imprint Mitchell Beazley has acquired the first cookbook from Greek restaurant MAZI which will "present a collection of authentic Greek recipes with a modern twist". Continue reading at The Bookseller
[ The Bookseller | 2017-11-10 00:00:00 UTC ]
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Yellow Kite is publishing Swim Wild by Yorkshire-born brothers Jack, Calum and Robbie Hudson, known for their ambitious open water swimming. Continue reading at The Bookseller
[ The Bookseller | 2017-11-08 00:00:00 UTC ]
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Hachette announced on Monday that it is acquiring the backlist of Meadowbrook Press, best known for titles for both parents and expectant parents; the list will be refreshed and reissued as Da Capo or Running Press releases. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-11-06 00:00:00 UTC ]
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Little, Brown Book Group imprint Piatkus has acquired a guide to ageing well, called The Age-Well Project, by author Annabel Abbs and TV executive and cook book author Susan Saunders. Continue reading at The Bookseller
[ The Bookseller | 2017-11-04 00:00:00 UTC ]
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Weidenfeld & Nicolson has bought a "major" new non-fiction title, Dead Doubles by writer and journalist Trevor Barnes, about the discovery, pursuit and capture of the Portland Spy Ring. Continue reading at The Bookseller
[ The Bookseller | 2017-11-01 00:00:00 UTC ]
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Hodder & Stoughton has acquired To War with the Walkers, a new social history of World War Two, following a five-way auction. Continue reading at The Bookseller
[ The Bookseller | 2017-11-01 00:00:00 UTC ]
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Bonnier Publishing imprint Templar Books has acquired world rights for two picture books from Sebastien Braun in a deal with Arabella Stein of the Bright Agency. Continue reading at The Bookseller
[ The Bookseller | 2017-10-28 00:00:00 UTC ]
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Gardners Books has seen its annual turnover soar 30% as the wholesaler grows into more of a “global business”. Continue reading at The Bookseller
[ The Bookseller | 2017-10-26 00:00:00 UTC ]
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Fast-growing indie graphic novel publisher Lion Forge has acquired The BEAT, a comics trade news site founded by PW graphic novels reviews editor Heidi MacDonald. As a result, MacDonald is leaving PW to focus on directing The BEAT on a full-time basis. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-24 00:00:00 UTC ]
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Ending months of speculation, the two parties have reached a deal. The post Hearst Acquires Rodale’s Magazines appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-10-19 00:00:00 UTC ]
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Media conglomerate IGN has acquired Humble Bundle, the pay-what-you-want gaming, book and software collection retailer that raises money for charitable causes. In a blog post, Humble Bundle cofounder and CEO Jeffrey Rosen noted that his company will... Continue reading at Engadget
[ Engadget | 2017-10-14 00:00:00 UTC ]
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Serpent’s Tail has bought Romanian crime writer’s E O Chirovici’s second novel in English. Continue reading at The Bookseller
[ The Bookseller | 2017-10-14 00:00:00 UTC ]
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