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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Oneworld has acquired The Baghdad Clock by Iraqi author Shahad al Rawi, originally published in Arabic by Dar al-Hikma in 2016. Continue reading at The Bookseller
[ The Bookseller | 2017-04-26 00:00:00 UTC ]
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Canelo has acquired three original novels in a new series by author A L Michael. Continue reading at The Bookseller
[ The Bookseller | 2017-04-21 00:00:00 UTC ]
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Endeavour Press has acquired worldwide English language print and digital rights for Saul David’s non-fiction work After Dunkirk, a revised and updated edition of his "ground-breaking" Churchill’s Sacrifice of the Highland Division (Brassey's). Continue reading at The Bookseller
[ The Bookseller | 2017-04-20 00:00:00 UTC ]
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Penguin Random House has acquired publisher Ediciones B to become part of its Penguin Random House Grupo Editorial division in Spain and Latin America to help it grow in the "strategically important" Spanish-speaking markets. Continue reading at The Bookseller
[ The Bookseller | 2017-04-08 00:00:00 UTC ]
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Kobo has acquired the technology platform and staff of Shelfie, a now defunct service that offered consumers the ability to get free or discounted ebook editions of print titles that they already owned. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-04-07 00:00:00 UTC ]
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The biggest of the Big Five widens its footprint in Spanish-language markets with the Ediciones B group, expanding PRH Grupo Editorial. The post Penguin Random House Grupo Editorial Is Acquiring Spain’s Ediciones B appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-04-07 00:00:00 UTC ]
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Rakuten Kobo has acquired Shelfie, a service which enables customers to get free or discounted ebook versions of their print books. Continue reading at The Bookseller
[ The Bookseller | 2017-04-07 00:00:00 UTC ]
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Hodder & Stoughton has acquired two new novels from women’s fiction writer Katie Marsh. Continue reading at The Bookseller
[ The Bookseller | 2017-04-06 00:00:00 UTC ]
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SportsTravel, Association News, and a trio of related event businesses join Northstar's Meetings Group. The post Northstar Travel Group Acquires Schneider Publishing Assets appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-04-05 00:00:00 UTC ]
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Rakuten Kobo will use Shelfie's tech to identify reader preferences for recommendations and to offer ebook editions of print books owned by users. The post Canadian Retail: Rakuten Kobo Acquires Shelfie Technology appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-04-05 00:00:00 UTC ]
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Bertelsmann has acquired a stake in Indian ed-tech company Eruditus Executive Education. Continue reading at The Bookseller
[ The Bookseller | 2017-04-04 00:00:00 UTC ]
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Headline Publishing Group has acquired a new memoir from Charlotte Crosby, Brand New Me, about "the ups and downs of the past year", publishing on 29th June 2017. Continue reading at The Bookseller
[ The Bookseller | 2017-04-01 00:00:00 UTC ]
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Head of Zeus has signed Dutch bestseller A Jihad For Love by Mohamed El Bachiri. Continue reading at The Bookseller
[ The Bookseller | 2017-04-01 00:00:00 UTC ]
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Amazon has acquired Middle Eastern e-commerce website SOUQ.com in a deal referred to as "the biggest-ever technology M&A transaction in the Arab world". Continue reading at The Bookseller
[ The Bookseller | 2017-03-30 00:00:00 UTC ]
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HQ is to publish A Home That Never Was, an "exceptional" and "uncompromising" debut by Michelle Sacks. Continue reading at The Bookseller
[ The Bookseller | 2017-03-29 00:00:00 UTC ]
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Acquisition adds more than 50 new publishers and 250 more titles to portfolio. The post Hearst Magazines and Condé Nast Joint Venture PubWorX Acquires ProCirc appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-03-28 00:00:00 UTC ]
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Gollancz has acquired an epic "coming-of-age" fantasy trilogy from author Chris Wooding in a six-figure deal. Continue reading at The Bookseller
[ The Bookseller | 2017-03-24 00:00:00 UTC ]
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The publisher's boss sees his pay package rise 20% in 2016 despite a difficult year for the firm. Continue reading at BBC News
[ BBC News | 2017-03-24 00:00:00 UTC ]
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Hodder & Stoughton has acquired a debut novel, Trying, from Grazia magazine’s features director Emily Phillips, about the ups and downs of trying for a baby. Continue reading at The Bookseller
[ The Bookseller | 2017-03-15 00:00:00 UTC ]
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Blink Publishing, part of Bonnier Publishing, has acquired the rights to Netflix original series, Peter Morgan’s "The Crown" from Leftbank Pictures, Sony Pictures and Netflix. Continue reading at The Bookseller
[ The Bookseller | 2017-03-15 00:00:00 UTC ]
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