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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Daniel Slager paddled into Minnesota's Boundary Waters Canoe Area to acquire a book by two outdoor adventurers who had been camping out in the region for nearly a year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-10-04 00:00:00 UTC ]
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Pan Macmillan has acquired a memoir of coercive abuse by Helen Walmsley-Johnson, a Guardian commentator and author of The Invisible Woman (Icon Books). Continue reading at The Bookseller
[ The Bookseller | 2016-09-24 00:00:00 UTC ]
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Hodder & Stoughton has acquired two new books from Sarah Lotz, author of thriller The Three (Hodder). Continue reading at The Bookseller
[ The Bookseller | 2016-09-24 00:00:00 UTC ]
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Athens learns it's UNESCO's World Book Capital 2018 and that its largest bookstore, the 118-year-old Eleftheroudakis, is going under. The post Athens Named World Book Capital as 118-Year-Old Bookstore Closes appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-09-23 00:00:00 UTC ]
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Penguin Ireland has acquired two novels from Liz Nugent, author of psychological thrillers Unravelling Oliver and Lying in Wait (Penguin Ireland). Continue reading at The Bookseller
[ The Bookseller | 2016-09-17 00:00:00 UTC ]
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Transworld has acquired an Arthurian legend novel, Lancelot: The Betrayal, from Giles Kristian. Continue reading at The Bookseller
[ The Bookseller | 2016-09-17 00:00:00 UTC ]
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Athens has been named World Book Capital 2018 by the director general of UNESCO, Irina Bokova. Continue reading at The Bookseller
[ The Bookseller | 2016-09-15 00:00:00 UTC ]
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Although there has been no official announcement from Taylor & Francis, it has absorbed the Boston-based business and parenting press. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-09-14 00:00:00 UTC ]
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Pan Macmillan's wellness and lifestyle imprint Bluebird has acquired the memoir of British mental health and LGBT campaigner and vlogger, Jonny Benjamin, describing how he was pulled back from the brink of suicide by a perfect stranger. Continue reading at The Bookseller
[ The Bookseller | 2016-09-06 00:00:00 UTC ]
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Orion has acquired a comic tale of "East meets West", The Arrangement, by 27-year-old debut author Sonya Lalli - pitched as "Bend it Like Beckham meets Bridget Jones's Diary". Continue reading at The Bookseller
[ The Bookseller | 2016-09-02 00:00:00 UTC ]
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William Morris Endeavor has acquired the L.A.-based boutique literary agency Rabineau Wachter Sanford & Gillett (RWSG). Through the deal, principal RWSG agents, Sylvie Rabineau and Jill Holwager Gillett, will join WME's Book to Film/TV division as co-heads. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-08-22 00:00:00 UTC ]
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Sports publisher joins marketing alliance with MOKO after buying brand. The post CGI Acquires RunHaven Digital Assets appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-08-17 00:00:00 UTC ]
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The London-based Quarto Group's US operations expand with an acquisition in Bellvue, Washington, projecting a 30-percent rise in children's publishing revenues. The post UK’s Quarto USA Division Acquires McEvoy’s Becker & Mayer appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-08-08 00:00:00 UTC ]
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Mantle has acquired The Other Bennet Girl, a second novel by Janice Hadlow, for publication in 2018. Continue reading at The Bookseller
[ The Bookseller | 2016-07-29 00:00:00 UTC ]
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Corsair, an imprint of Little, Brown, has acquired an anonymously authored self-publishing success story called Diary of an Oxygen Thief. Continue reading at The Bookseller
[ The Bookseller | 2016-07-28 00:00:00 UTC ]
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Michael Joseph and Penguin Random House Children’s have jointly acquired How to be a Bawse: A Guide to S̶u̶r̶v̶i̶v̶i̶n̶g̶ ̶ Conquering Life by Canadian comedian and YouTube personality Lilly Singh. Continue reading at The Bookseller
[ The Bookseller | 2016-07-26 00:00:00 UTC ]
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Verizon is reportedly nearing a deal to purchase Yahoo for close to $5 billion, bringing to an end a months-long bidding process for a now-ailing company that was once an Internet trailblazer. The sale is still being deliberated, but could be announced early next week, according to Bloomberg.... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-07-22 00:00:00 UTC ]
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Fate of print edition unknown as Markets Media undergoes digital redesign. The post Traders Magazine Acquired by Markets Media appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-07-06 00:00:00 UTC ]
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Orion has acquired a new novel to be the first in a series of sagas from journalist and author Fiona Ford. Continue reading at The Bookseller
[ The Bookseller | 2016-07-06 00:00:00 UTC ]
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Harper Business has acquired world English rights to Microsoft CEO Satya Nadella’s first book, 'Hit Refresh,' which is slated to hit shelves in fall 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-29 00:00:00 UTC ]
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