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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Hodder & Stoughton imprint Coronet is publishing two further books from Graham Hancock, both focusing on the Americas: America Before and the fourth in the War God series. Continue reading at The Bookseller
[ The Bookseller | 2017-03-14 00:00:00 UTC ]
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Mulholland Books has acquired a chilling Christmas-themed murder mystery by author Susi Holliday. Continue reading at The Bookseller
[ The Bookseller | 2017-03-11 00:00:00 UTC ]
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Hachette UK has acquired independent ebook publisher Bookouture, just four years since it was founded in 2012 by former Harlequin/Mills & Boon marketing executive Oliver Rhodes. Continue reading at The Bookseller
[ The Bookseller | 2017-03-07 00:00:00 UTC ]
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Bookouture, the U.K.-based digital publishing company that had a number of titles hit high on Amazon's Kindle ebooks bestselller list in 2016, has been acquired by Hachette U.K. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-07 00:00:00 UTC ]
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Faber & Faber has acquired Friend of My Youth, a new novel by award-winning writer and critic Amit Chaudhuri. Continue reading at The Bookseller
[ The Bookseller | 2017-03-04 00:00:00 UTC ]
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Personnel changes hit Los Angeles Magazine as new owners lay off publisher, EIC. The post Hour Media Group Acquires Emmis Magazines for $6.5 Million appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-03-01 00:00:00 UTC ]
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Penguin Random House has won the auction for books from former President Barack Obama and former First Lady Michelle Obama. PRH acquired world publication rights for both books, to be written by President and Mrs. Obama respectively. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-01 00:00:00 UTC ]
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Acquired late last year, Antique Collectors Club, a publisher and distributor of decorative arts books, has changed its name to ACC Publishing Group. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-28 00:00:00 UTC ]
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Creative Loafing comes home, and more from around the publishing business. The post Industry Notes: Revenues Climb at UBM | HMP Acquires EMS World appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-02-28 00:00:00 UTC ]
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Usborne has acquired Theatrical by Maggie Harcourt, a novel about a teenager's aspirations to work in theatre behind the scenes, and the real backstage drama that ensues when those dreams are realised. Continue reading at The Bookseller
[ The Bookseller | 2017-02-24 00:00:00 UTC ]
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Comparison sites and Amazon boost spending on the small screen – but Google and Facebook cut campaignsDigital businesses- online-only companies such as Amazon and traditional firms promoting online services – spent a record £639m on TV ad campaigns in 2016 to become the biggest-spending group of... Continue reading at The Guardian
[ The Guardian | 2017-02-23 00:00:00 UTC ]
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Fleet has acquired American author Claire Messud’s new novel The Burning Girl, to publish in September 2017. Continue reading at The Bookseller
[ The Bookseller | 2017-02-16 00:00:00 UTC ]
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Sphere non-fiction has acquired the first book by Emma Blackery, a musician and vlogger with more than 1.3 million subscribers to her YouTube channel. Continue reading at The Bookseller
[ The Bookseller | 2017-02-11 00:00:00 UTC ]
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Welsh independent publisher Firefly Press has bought a new YA novel by Rhian Ivory. Continue reading at The Bookseller
[ The Bookseller | 2017-02-07 00:00:00 UTC ]
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Picador has acquired a debut novel, Fire Sermon, and story collection, I Want to Show You More, from US writer Jamie Quatro Continue reading at The Bookseller
[ The Bookseller | 2017-02-07 00:00:00 UTC ]
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U.S. President Donald Trump is seeking to channel populist anger to stem immigration, but tech companies want him to know that hiring immigrants is necessary for the country's economy and boosts overall employment.Apple, Facebook, Microsoft, Amazon and Alphabet are said to be writing Trump a... Continue reading at PC World
[ PC World | 2017-02-02 00:00:00 UTC ]
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The nonfiction publisher has acquired Lumina Media's book division and will launch a new imprint, CompanionHouse Press, to market the new line of books and products. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-02 00:00:00 UTC ]
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Ebook rights to works of Joan Didion, Joyce Carol Oates, and Philip Pullman go to Open Road, while Germany's De Gruyter ups its ante in Open Access. The post International Notes: Open Road Acquires Iconic UK and US Titles; Germany’s De Gruyter Reorganizes Open Access appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-02-02 00:00:00 UTC ]
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Picador has acquired Your Life in My Hands, the diaries of junior doctor-turned-comedian Adam Kay, inspired by his Edinburgh Fringe show on the same topic. Continue reading at The Bookseller
[ The Bookseller | 2017-01-31 00:00:00 UTC ]
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As Time Inc. continues to pivot from being seen as a print magazine publisher to a digital media player, the company has acquired programmatic ad-tech company Adelphic. Adelphic will join Viant, a marketing company that Time Inc. acquired a year ago that uses first-party data and programmatic... Continue reading at AdWeek
[ AdWeek | 2017-01-24 00:00:00 UTC ]
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