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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Quercus has acquired a “major” new diet book. Ione Walder bought UK and Commonwealth rights, excluding Canada, to The Soup Cleanse by Angela Blatteis and Vivienne Vella from Nicole Bond at Grand Central Publishing in the US. Continue reading at The Bookseller
[ The Bookseller | 2015-09-08 00:00:00 UTC ]
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Portobello Books has acquired The Things We Lost in the Fire - a “chilling, compulsive” collection of gothic short stories - at auction. UK and Commonwealth rights to the collection, by Argentine writer Mariana Enriquez, were acquired by editor Anne Meadows from Sandra Pareja at Casanovas &... Continue reading at The Bookseller
[ The Bookseller | 2015-09-05 00:00:00 UTC ]
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Granta Books has acquired two new books from Ben Marcus, author of The Flame Alphabet and Leaving the Sea. Senior editor of Granta Books, Max Porter, acquired UK & Commonwealth rights for a collection of stories and a novel, both as yet untitled, from Judith Murray at Greene and Heaton on... Continue reading at The Bookseller
[ The Bookseller | 2015-09-05 00:00:00 UTC ]
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Three new books from religious publishers are casting a critical eye on the economy this year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-08-05 00:00:00 UTC ]
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The private equity firm Shamrock Capital Advisors has acquired the audiobook publisher Recorded Books from Wasserstein & Co. for an undisclosed price. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-08-03 00:00:00 UTC ]
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Letter to the FT by Daily Mail group director on the difference between business ownership based on ‘long term value’ and the need to make quick profitsA short letter in Wednesday’s Financial Times makes for fascinating reading. Stimulated by Pearson’s sale of the FT to Nikkei, it poses profound... Continue reading at The Guardian
[ The Guardian | 2015-07-29 00:00:00 UTC ]
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Pan Macmillan has made four “major” acquisitions as part of a “significant investment” in its business and popular science lists. Non-fiction publisher Robin Harvie bought UK and Commonwealth rights excluding Canada to The Storyteller’s Secret by Carmine Gallo from SMP. Gallo is the author of... Continue reading at The Bookseller
[ The Bookseller | 2015-07-25 00:00:00 UTC ]
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Two Roads is to publish a book reimagining the lives of three women from the Vanderbilt family. Publisher Lisa Highton bought UK rights for the currently untitled book by Therese Anne Fowler from Jenny Meyer on behalf of Wendy Sherman. The book will “take readers from the extravagant world of... Continue reading at The Bookseller
[ The Bookseller | 2015-07-23 00:00:00 UTC ]
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Virago has acquired the memoir of American musician, actor and writer Carrie Brownstein. Ursula Doyle, associate publisher of Virago, bought UK rights in the memoir, titled Hunger Makes Me a Modern Girl, from Hal Fessenden at Penguin Random House US. Continue reading at The Bookseller
[ The Bookseller | 2015-07-18 00:00:00 UTC ]
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Ebury Press has bought Ctrl, Alt; Delete, a memoir about growing up online, by journalist and blogger Emma Gannon [pictured]. Commissioning editor Sara Cywinski has bought UK and Commonwealth rights to the book, in which Gannon talks about subjects from editing photos for MySpace to... Continue reading at The Bookseller
[ The Bookseller | 2015-07-17 00:00:00 UTC ]
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Scribner has acquired a novel by French novelist and playwright Karine Tuil called The Age of Reinvention. Editorial director Rowan Cope acquired British Commonwealth rights from Heidi Warneke at Editions Grasset & Fasquelle for Scribner UK. The novel will be published by Peter Borland at... Continue reading at The Bookseller
[ The Bookseller | 2015-07-17 00:00:00 UTC ]
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Allen & Unwin has acquired the UK and Commonwealth rights to Heart of Jazz by Sara Lövestam, a novel about a bullied schoolgirl and a retired jazz musician. Sam Redman at Allen & Unwin UK acquired the book from Maria Cardona and Marina Penalva at Pontas Literary & Film... Continue reading at The Bookseller
[ The Bookseller | 2015-07-02 00:00:00 UTC ]
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Literary agency Johnson & Alcock has acquired Fox Mason, the literary agency set up by Ben Mason in 2010, for an undisclosed sum. Johnson & Alcock is taking on the liability for Mason’s 20 authors as well as his employee Becky Thomas, who joins Johnson & Alcock as an associate... Continue reading at The Bookseller
[ The Bookseller | 2015-06-27 00:00:00 UTC ]
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Scottish publisher Strident has acquired an illustrated children’s book by actor and anthropologist Hugh Holman. The Almost Animals is about Angle, a crocogator who lives with the other mixed-up animals in a world called Nowhere. Continue reading at The Bookseller
[ The Bookseller | 2015-06-25 00:00:00 UTC ]
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Librify, an early ebook subscription and social reading service, has been acquired by Scribd, one of the current and most successful ebook subscription services. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-06-24 00:00:00 UTC ]
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Walker Books has acquired a new YA novel by Siobhan Curham, author and editorial consultant for Zoella’s Girl Online. Senior commissioning editor Mara Bergmanbought the world rights to The Moonlight Dreamers, about a girl with two fathers, from Erzsi Deak at Hen & Ink Literary Studio. Continue reading at The Bookseller
[ The Bookseller | 2015-06-23 00:00:00 UTC ]
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Walker Books has acquired the debut teen novel by comedian and screenwriter Nat Luurtsema. Goldfish is a comedy about Lou Brown, a swimmer who fails an Olympic time-trial and decides to give up the sport completely. She tries to find her new ‘thing’ and enters a world of underwater somersaults,... Continue reading at The Bookseller
[ The Bookseller | 2015-06-20 00:00:00 UTC ]
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Rosen Publishing will move the editorial and production operations of Jackdaw Publications to New York City where it will operate as an autonomous imprint. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-06-19 00:00:00 UTC ]
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Scribner in the UK and Atria Books in the US, both part of the Simon & Schuster group, have acquired a new book by Swedish novelist and playwright, Jonas Hassen Khemiri. World English Language rights in the novel, titled Everything I Don’t Remember, were acquired by Rowan Cope, editorial... Continue reading at The Bookseller
[ The Bookseller | 2015-06-10 00:00:00 UTC ]
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Zaffre, an imprint of Bonnier Fiction Publishing, has acquired a new crime series by David Jackson. The series is set in Liverpool and features policeman DS Nathan Cody.The first book in the series is entitled A Tapping at my Door. Zaffre acquired the UK and Commonwealth rights from Oli Munson... Continue reading at The Bookseller
[ The Bookseller | 2015-06-06 00:00:00 UTC ]
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