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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The American data and market insights company NPD has acquired Nielsen's US book industry services. Continue reading at The Bookseller
[ The Bookseller | 2017-01-21 00:00:00 UTC ]
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Windmill Books has acquired a suspenseful Swedish debut, The Dying Game, by Asa Avdic. Continue reading at The Bookseller
[ The Bookseller | 2017-01-14 00:00:00 UTC ]
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The acquisition of Enthrill technologies and its brands, brings an end to Enthrill's retail operations, but its technologies will continue to be used by Firebrand Technologies to distribute ebooks in the institutional and bulk sale market. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-12 00:00:00 UTC ]
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Bertelsmann division Arvato has acquired India-based IT analytics start-up Ramyam to expand its footprint in India. Continue reading at The Bookseller
[ The Bookseller | 2017-01-12 00:00:00 UTC ]
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Virago has acquired one of the first titles publishing under Oprah Winfrey’s new book imprint at Flatiron Books in the US: The Black Angels: The Untold Story of the Nurses Who Helped Cure Tuberculosis by New Yorker Maria Smilios. Continue reading at The Bookseller
[ The Bookseller | 2017-01-06 00:00:00 UTC ]
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Ebury Press has acquired Catching a Serial Killer by former Detective Sergeant Stephen Fulcher - a true-crime memoir about the manhunt for murderer Christopher Halliwell. Continue reading at The Bookseller
[ The Bookseller | 2017-01-05 00:00:00 UTC ]
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Rakuten Kobo will take over the German Tolino ebook platform from Deutsche Telekom at the end of this month, pending approval from the German competition authorities. Continue reading at The Bookseller
[ The Bookseller | 2017-01-04 00:00:00 UTC ]
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Transworld has bought a new novel by Anna Hope inspired by American TV series "The Affair". Continue reading at The Bookseller
[ The Bookseller | 2016-12-21 00:00:00 UTC ]
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Hachette Livre has acquired a majority stake in a London-based mobile app company, Brainbow Ltd, the firm behind the brain-training app Peak. Continue reading at The Bookseller
[ The Bookseller | 2016-12-20 00:00:00 UTC ]
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Chicago Review Press, Inc., the parent company of Chicago Review Press and Independent Publishers Group, is acquiring Parenting Press. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-19 00:00:00 UTC ]
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Independent publisher Troika Books has bought a YA novel about Hitler’s attempted extermination of the Roma and Sinti people. Continue reading at The Bookseller
[ The Bookseller | 2016-12-15 00:00:00 UTC ]
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Del Rey has acquired The Last Dog on Earth, the first of a two book deal from Adrian J Walker, author of The End of the World Running Club ,featured in Simon Mayo’s Radio 2 Book Club. Continue reading at The Bookseller
[ The Bookseller | 2016-12-09 00:00:00 UTC ]
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Hodder & Stoughton has acquired four books by American author Renée Ahdieh, two of which reimagine the legend of Scheherazade. Continue reading at The Bookseller
[ The Bookseller | 2016-12-08 00:00:00 UTC ]
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Sphere has acquired The Ruin by debut author Dervla McTiernan in a two-book deal with Curtis Brown. Continue reading at The Bookseller
[ The Bookseller | 2016-12-06 00:00:00 UTC ]
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Riverhead Books has acquired U.S. rights to 'Into the Water,' the next novel from Paula Hawkins, whose 'The Girl on the Train' has sold more than 6 million copies in the U.S. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-29 00:00:00 UTC ]
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Few tech entrepreneurs have had the ability to imagine a future just beyond our reach, and to profoundly change how we live our lives. Steve Jobs and Mark Zuckerberg are two such stars, and Jeff Bezos, our Media Visionary for 2016, joins this constellation. From ecommerce and streaming video to... Continue reading at AdWeek
[ AdWeek | 2016-11-28 00:00:00 UTC ]
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Gollancz has acquired High Stakes, the 23rd book in the Wild Card series, a long-running sci-fi and superhero series co-edited by bestselling author George R R Martin and Melinda M Snodgrass. Continue reading at The Bookseller
[ The Bookseller | 2016-11-23 00:00:00 UTC ]
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Phoenix-based digital marketing firm G/O Digital has laid off less than 100 employees today as it discontinued its direct sales business unit. G/O Digital CEO Tim Fagan said his company, which used to be part of Gannett Publishing Services and now is part of McLean, Virginia-based Tegna Inc.,... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2016-11-18 00:00:00 UTC ]
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Picador has acquired Ponti by Sharlene Teo, winner of the inaugural Deborah Rogers Writers’ Award for an unpublished writer, after a seven-way auction. Continue reading at The Bookseller
[ The Bookseller | 2016-11-18 00:00:00 UTC ]
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The latest from around the publishing world. The post Industry Notes: Omeda, Lytics Team Up | Emerald Acquires RFID Journal appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-11-17 00:00:00 UTC ]
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