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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Regulators have doubts that promises of consent-based data collection by digital publishers and advertisers is based on genuine user consent. The post IAB Europe suspends consent management firms as global privacy authorities signal tougher action appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2021-09-30 04:01:00 UTC ]
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Trusted Media Brands just recently acquired Jukin Media. Here's a look at what its strategy looks like — and what channels are set to expand first. The post Case Study: How Trusted Media Brands is prioritizing video after acquiring a viral digital content company appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2021-09-29 04:01:00 UTC ]
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In a deal that will see two of Hollywood's most powerful talent agencies come together, Creative Artists Agency (CAA) has agreed to purchase ICM Partners. Both companies have significant outposts in New York book publishing, with CAA having 11 literary agents on staff and ICM having 17. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-09-27 04:00:00 UTC ]
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Bloomsbury has completed the acquisition of certain assets of Artfilms, the video streaming service of Contemporary Arts Media, as it expands its digital resources portfolio. Continue reading at The Bookseller
[ The Bookseller | 2021-09-22 17:59:05 UTC ]
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International Literary Properties (ILP), the global company that acquires and manages literary estates, has acquired Patrick Carman’s Skeleton Creek series. Continue reading at The Bookseller
[ The Bookseller | 2021-09-22 12:04:03 UTC ]
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Virago Modern Classics has acquired world English language rights in The Amazing Mr Blunden by Antonia Barber, ahead of a Sky Original Christmas film this year. Continue reading at The Bookseller
[ The Bookseller | 2021-09-15 06:44:43 UTC ]
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Capstone, publisher of children’s books and K-5 ed-tech content, has acquired Buncee, a digital creation, collaboration, and communication tool for students and educators. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-09-14 04:00:00 UTC ]
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Cambridge University Press & Assessment has acquired CogBooks, an online technology company which specialises in adaptive courseware. Continue reading at The Bookseller
[ The Bookseller | 2021-09-09 18:13:45 UTC ]
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Studio Press, an imprint of Bonnier Books UK, has acquired More is More Décor by interior designer and Instagrammer Siobhan Murphy. Continue reading at The Bookseller
[ The Bookseller | 2021-09-06 17:12:14 UTC ]
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Germany publishing company Axel Springer says it has signed a deal to buy the U.S.-based political news site Politico and the tech news site Protocol from founder Robert L Continue reading at ABC News
[ ABC News | 2021-08-26 18:57:02 UTC ]
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With the acquisition of the German house Audiobuch, Lindhardt og Ringhof will have bought and/or partnered with five publishers this year. The post Copenhagen’s Saga Egmont Acquires Freiburg’s Audiobuch Verlag appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-08-25 15:45:38 UTC ]
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A law firm's charity arm is launching several bookshops as a way to combat loneliness and foster community connections. Continue reading at The Bookseller
[ The Bookseller | 2021-08-25 09:01:14 UTC ]
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Independent publisher Pinter & Martin has snapped up Kimberly Seals Allers' "positive, empowering" birthing guide for Black mothers. Continue reading at The Bookseller
[ The Bookseller | 2021-08-24 08:31:58 UTC ]
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Cipher Press has acquired Nat Reeve's "extraordinary, ambitious" historical debut Nettleblack and its sequel in a two-book deal. Continue reading at The Bookseller
[ The Bookseller | 2021-08-23 14:07:08 UTC ]
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Headline Review has acquired two more books from Matt Cain, whose fourth novel, The Secret Life of Albert Entwistle, was published by the imprint earllier this year. Continue reading at The Bookseller
[ The Bookseller | 2021-08-19 11:27:18 UTC ]
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The Bodley Head has acquired two titles from German filmmaker and storyteller Werner Herzog, including a memoir. Continue reading at The Bookseller
[ The Bookseller | 2021-08-18 19:49:03 UTC ]
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Hachette Book Group has announced that it is to acquire Workman Publishing, an independent publisher in the US, for $240m (£174m). Continue reading at The Bookseller
[ The Bookseller | 2021-08-17 21:02:19 UTC ]
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Independent press And Other Stories has acquired My Father’s Diet, the "sharp-fanged" debut novel from US author and translator Adrian Nathan West. Continue reading at The Bookseller
[ The Bookseller | 2021-08-14 21:32:44 UTC ]
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Allison & Busby has signed the 10th instalment in the Bradecote and Catchpoll historical mystery series by Sarah Hawkswood. Continue reading at The Bookseller
[ The Bookseller | 2021-08-14 21:03:13 UTC ]
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HarperNorth has acquired a book on regional inequality in the UK by journalist Sam Bright, chief politics and investigations reporter for Byline Times. Continue reading at The Bookseller
[ The Bookseller | 2021-08-09 10:36:32 UTC ]
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