Adweek Acquired By PE Firm Shamrock Capital

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 ]
News tagged with: #b2b publisher #pacific standard #long-term commitment #magazine publisher

Other news stories related to: "Adweek Acquired By PE Firm Shamrock Capital"

David Higham acquires Gregory & Co

David Higham Associates is acquiring Gregory & Company, the agency founded by Jane Gregory in 1987 and representing Val McDermid. Continue reading at The Bookseller

[ The Bookseller | 2017-10-06 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #jane gregory

Century acquires two new Overton thrillers

Century has acquired two new thrillers from Hollie Overton, author of the Richard & Judy book club pick Baby Doll. Continue reading at The Bookseller

[ The Bookseller | 2017-10-03 00:00:00 UTC ]
More news stories like this |

Distribution Expansion: Germany’s Bookwire Acquires Brazil’s DLD

Making good on its plans for Latin American expansion, ebook distributor Bookwire buys Brazil's Distribuidora de Livros Digitals, DLD. The post Distribution Expansion: Germany’s Bookwire Acquires Brazil’s DLD appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-10-01 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #making good

Trapeze acquires 'steamy' legal thriller Degrees of Guilt

Sam Eades, editorial director at Trapeze, has acquired a "steamy" and "gripping" courtroom drama, Degrees of Guilt by H S Chandler. Continue reading at The Bookseller

[ The Bookseller | 2017-09-30 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #courtroom drama #sam eades

Bonnier Zaffre acquires The Anomaly

Bonnier Zaffre has acquired UK and Commonwealth rights for The Anomaly, the first title published by Michael Rutger. Continue reading at The Bookseller

[ The Bookseller | 2017-09-30 00:00:00 UTC ]
More news stories like this |

Quercus acquires 'rare' debut Our Child of the Stars

Quercus imprint Jo Fletcher Books has acquired a cross-genre debut set in 1960s America, called Our Child of the Stars, in a two-book deal. Continue reading at The Bookseller

[ The Bookseller | 2017-09-22 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #quercus acquires

Carolina Wren Press Acquires John F. Blair

Durham, N.C.-based Carolina Wren Press is acquiring the trademarks and backlist of Winston-Salem-based publisher John F. Blair. The combined company will function as a non-profit publisher and will be renamed Blair. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-09-15 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #combined company

Canongate Acquires Severn House

Canongate has bought Severn House Publishers, for an undisclosed sum, from owner Edwin Buckhalter. With the acquisition, Buckhalter will retain a consultancy role, while Severn publisher Kate Gibb has been promoted to COO of Canongate. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-09-13 00:00:00 UTC ]
More news stories like this |

Owner of High Times Acquires LGBT Magazines Out and The Advocate

Oreva Capital has backed a management-led buyout of Here Publishing, rebranding it Pride Media Inc. The post Owner of High Times Acquires LGBT Magazines Out and The Advocate appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2017-09-11 00:00:00 UTC ]
More news stories like this |

Bluebird acquires book on happiness by Pope Francis

Pan Macmillan imprint Bluebird has acquired a new book by Pope Francis, a rumination on happiness called Happiness in this Life. Continue reading at The Bookseller

[ The Bookseller | 2017-09-08 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #pope francis

LSC Communications Acquires Publishers Press

The company expands its printing and distribution services by purchasing one of the largest publication printers in the U.S. The post LSC Communications Acquires Publishers Press appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2017-09-07 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #distribution services #company expands

John Murray acquires 'true new talent' Lex Coulton

John Murray is publishing Falling Short, a "funny, uplifting, deeply moving" literary debut by "true new talent" Lex Coulton. Continue reading at The Bookseller

[ The Bookseller | 2017-09-07 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #deeply moving #john murray

Ad Age Wake-Up Call: A PR Firm Gets Punished, While the Daily News Gets Sold

Good morning. Welcome to Ad Age's Wake-Up Call, our daily roundup of advertising, marketing and digital-related news. What people are talking about today: The New York Daily News, or "New York's Hometown Newspaper" as the slogan goes, has been sold to Chicago-based publishing company Tronc. The... Continue reading at Advertising Age

[ Advertising Age | 2017-09-05 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #cover price #digital-related news #daily roundup #good morning #daily news

Chief Executive Group Acquires Corporate Board Member Magazine

"This acquisition provides a significant opportunity for us to expand both communities." The post Chief Executive Group Acquires Corporate Board Member Magazine appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2017-09-01 00:00:00 UTC ]
More news stories like this |

Polish Bookseller Empik Approved to Accelerate Its Growth By Acquiring Distributor Platon

Given a green light by competition authorities, Poland's bookseller Empik adds Platon to its assets, a major national and international distribution outfit. The post Polish Bookseller Empik Approved to Accelerate Its Growth By Acquiring Distributor Platon appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-09-01 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #competition authorities #green light

Firms look outside trade for senior appointments

An influx of talent from outside the book world is entering the trade at its highest levels, as it seeks to compete with rival entertainment media and exploit digital opportunities. Continue reading at The Bookseller

[ The Bookseller | 2017-08-18 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #book world #senior appointments

Nottingham bids to become European Capital of Culture 2023

Nottingham is looking to bid for its place as European Capital of Culture 2023, it has revealed. Continue reading at The Bookseller

[ The Bookseller | 2017-08-18 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #european capital

Bokova and Al Qasimi Certify Sharjah as UNESCO World Book Capital 2019

Calling for 'a more open dialogue regionally and internationally,' Bodour Al Qasimi accepts UNESCO's designation of Sharjah as World Book Capital 2019. The post Bokova and Al Qasimi Certify Sharjah as UNESCO World Book Capital 2019 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-08-11 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #post bokova

Gatehouse Media Parent Acquires 11 More Daily U.S. Newspapers

Across the U.S. today, various publications are relaying to their readers some pressing news: they've been sold. Morris Publishing Group, a part of Morris Communications Co., has been purchased by New York-based New Media Investment Group. This means that the Savannah Morning News, the Topeka... Continue reading at AdWeek

[ AdWeek | 2017-08-10 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #morris communications