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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Fleet has acquired a debut novel The First Day, introducing its author, filmmaker Phil Harrison, as a "major new voice". Continue reading at The Bookseller
[ The Bookseller | 2016-11-17 00:00:00 UTC ]
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Simon & Schuster will acquire Adams Media, a nonfiction-focused publisher based in Avon, Mass., from F+W Media. Adams will become an S&S imprint and remain under the direction of Karen Cooper. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-11-15 00:00:00 UTC ]
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Walker Books has bought world rights to a middle-grade fantasy trilogy from Irish author Celine Kiernan. Continue reading at The Bookseller
[ The Bookseller | 2016-11-15 00:00:00 UTC ]
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Maze, the digital-first imprint of Avon, HarperCollins, has acquired a "'Love Actually'-style interlinked romance novel" by debut author Tracy Corbett, as part of its programme to launch fresh talent. Continue reading at The Bookseller
[ The Bookseller | 2016-11-12 00:00:00 UTC ]
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Bonnier Zaffre has acquired all publishing and broadcasting rights to The Mayfly, an “electrifying" debut by James Hazel. Continue reading at The Bookseller
[ The Bookseller | 2016-11-08 00:00:00 UTC ]
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Faber has signed an "electrifying" literary novel by Leila Slimani, which was awarded French literary prize, the Prix Goncourt. Continue reading at The Bookseller
[ The Bookseller | 2016-11-05 00:00:00 UTC ]
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The publisher dives deeper into information and data with latest purchase. The post Hearst Acquires Aviation Service CAMP appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-10-26 00:00:00 UTC ]
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HarperCollins Children’s Books will next year publish a further new Paddington Bear story by Michael Bond. Continue reading at The Bookseller
[ The Bookseller | 2016-10-26 00:00:00 UTC ]
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Viking has acquired The Real Pet Detective from retired policeman turned missing pet investigator Tom Watkins. Continue reading at The Bookseller
[ The Bookseller | 2016-10-22 00:00:00 UTC ]
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Yellow Kite has acquired the book said to have first sparked Japan’s tidying revolution: The Art of Discarding by Nagisa Tatsumi. Continue reading at The Bookseller
[ The Bookseller | 2016-10-21 00:00:00 UTC ]
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Multinational publishers have warned of the consequences of a “hard Brexit” on their businesses, with concerns over whether restrictions on migration would hamper their ability to attract the right talent to work for them. Continue reading at The Bookseller
[ The Bookseller | 2016-10-21 00:00:00 UTC ]
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Hodder & Stoughton has acquired an award-winning French novel and commercial-literary crossover, The Last of Our Kind (Le Dernier Des Nôtres) by Adélaïde de Clermont-Tonnerre. Continue reading at The Bookseller
[ The Bookseller | 2016-10-15 00:00:00 UTC ]
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Transworld has acquired an "insider's guide" to algorithms as part of a two-book deal in a pre-emptive six figure bid. Continue reading at The Bookseller
[ The Bookseller | 2016-10-15 00:00:00 UTC ]
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Viking has acquired a memoir about living with multiple sclerosis as a young father, The Inland Empire: Travels in Multiple Sclerosis by Christian Donlan. Continue reading at The Bookseller
[ The Bookseller | 2016-10-15 00:00:00 UTC ]
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Transworld Publishers has acquired What Alice Knew, an addictive psychological thriller by an unagented debut author TA Cotterell. Continue reading at The Bookseller
[ The Bookseller | 2016-10-14 00:00:00 UTC ]
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Bonnier Zaffre has acquired two new saga novels from actress, playwright and a famed wedding gown designer, Melody Sachs. Continue reading at The Bookseller
[ The Bookseller | 2016-10-14 00:00:00 UTC ]
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Sceptre has acquired a book by Central St. Martins lecturer and artist Rod Judkins described as "future-proofing for thinkers". Continue reading at The Bookseller
[ The Bookseller | 2016-10-12 00:00:00 UTC ]
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Weidenfeld & Nicolson has acquired a "haunting" memoir of love and loss, Traveling with Ghosts. Continue reading at The Bookseller
[ The Bookseller | 2016-10-12 00:00:00 UTC ]
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Virgin Books has acquired The Airbnb Story, the first "definitive" book about the $25.5bn-valued company, to publish in spring 2017. Continue reading at The Bookseller
[ The Bookseller | 2016-10-07 00:00:00 UTC ]
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George Osborne is writing an “urgent and impassioned book” for William Collins about the threat of rising nationalism across the world, which will also serve as a “rallying cry to save capitalism and Western democracy”. Continue reading at The Bookseller
[ The Bookseller | 2016-10-06 00:00:00 UTC ]
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