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 Bodley Head has acquired a "major" debut on the British policy of appeasement by historian Tim Bouverie. Continue reading at The Bookseller
[ The Bookseller | 2016-06-29 00:00:00 UTC ]
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Alexander Street president Stephen Rhind-Tutt will stay on board, reporting to ProQuest Information Solutions’ general manager and senior v-p Rafael Sidi. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-06-22 00:00:00 UTC ]
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Puffin, part of Penguin Random House, is set to publish a ninth book in Chris Bradford’s ‘Young Samurai’ series following demand from fans. Continue reading at The Bookseller
[ The Bookseller | 2016-06-17 00:00:00 UTC ]
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Loot Crate has built a business supplying comic book and sci-fi fans with monthly shipments of goodies typically only found at specialty shops or conventions. Soon, Loot Crate could apply the same formula to sports, music and more corners of entertainment -- getting fans to purchase merchandise... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-06-07 00:00:00 UTC ]
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Michael O'Mara is partnering with the Royal Institution to publish 13 Journeys Through Space and Time: Christmas Lectures from the Royal Institution, edited by Colin Stuart. Continue reading at The Bookseller
[ The Bookseller | 2016-05-28 00:00:00 UTC ]
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Macmillan Publishers in the US has acquired NYC-based self-publishing platform Pronoun for an undisclosed sum. Continue reading at The Bookseller
[ The Bookseller | 2016-05-27 00:00:00 UTC ]
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In a deal that breaks the Nashville-based publisher deeper into the religion market, Turner bought four of LongHill Partners' publishing imprints: Jewish Lights, Skylight Paths, Christian Journeys, and Gemstone Press. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-23 00:00:00 UTC ]
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‘Aggressive’ USA Today publisher eager to swallow the Tribune companyUS newspaper giant Gannett has increased its takeover bid for another big publisher, Tribune, after its first attempt was rebuffed. Gannett, which owns the UK chain, Newsquest, raised its offer on Monday to about $475m (£327m),... Continue reading at The Guardian
[ The Guardian | 2016-05-17 00:00:00 UTC ]
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STM publisher Elsevier has acquired the largest repository and community for social science and humanities researchers in the world, SSRN, to accelerate its social strategy and scale the network up for the benefit of "the entire scientific ecosystem". Continue reading at The Bookseller
[ The Bookseller | 2016-05-17 00:00:00 UTC ]
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Viking has acquired a literary historical thriller The Witchfinder’s Sister by debut author Beth Underdown. Continue reading at The Bookseller
[ The Bookseller | 2016-05-14 00:00:00 UTC ]
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New York-based events firm wants to corner the market for C-level executive conferences. The post Argyle Acquires Innovation Enterprise, CFO Publishing appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-05-11 00:00:00 UTC ]
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Pan Macmillan has acquired the autobiography of actor, presenter, historian and author Sir Tony Robinson. Continue reading at The Bookseller
[ The Bookseller | 2016-05-10 00:00:00 UTC ]
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Piatkus has acquired The Mind Workout: Twenty Steps to Emotional Fitness by mental health coach Mark Freeman. Continue reading at The Bookseller
[ The Bookseller | 2016-05-10 00:00:00 UTC ]
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The Copyright Clearance Center has acquired London-based publishing solutions company Ixxus. Continue reading at The Bookseller
[ The Bookseller | 2016-05-05 00:00:00 UTC ]
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Following its move to Boulder, Colo., last fall, Shambhala has begun to expand. The press announced that it will acquire 28-year-old Berkeley-based press, which publishes books on yoga, Buddhism, Taoism, and aikido. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-05 00:00:00 UTC ]
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The newly relaunched Random House imprint has acquired one nonfiction and one fiction work from the National Book Award winner, with the first slated for publication on its inaugural list in fall of 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-05-05 00:00:00 UTC ]
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Northern & Shell puts 2015 losses down to cutting prices of Star and Express titles and significant investment in digital publishingRichard Desmond’s Northern & Shell fell to a £25m loss last year after embarking on costly tabloid price cuts and boosting investment in digital... Continue reading at The Guardian
[ The Guardian | 2016-04-29 00:00:00 UTC ]
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Orion Fiction has acquired a tale of "sex, envy and betrayal in the suburbs" in The People at Number 9 by Felicity Everett. Continue reading at The Bookseller
[ The Bookseller | 2016-04-29 00:00:00 UTC ]
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New York's OR Books will maintain the Serif Books imprint and continue to publish books under the brand. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-04-14 00:00:00 UTC ]
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Storytellers Agency, a literary agency owned by Swedish publishing group Bonnierförlagen and authors Alexandra and Alexander Ahndoril, is being sold to the Salomonsson Agency. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-04-12 00:00:00 UTC ]
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