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 ]
News tagged with:
#b2b publisher
#pacific standard
#long-term commitment
#magazine publisher
Written By: Charlotte Williams Publication Date: Mon, 12/09/2011 - 08:40 Penguin Ireland has acquired a first novel about the "mysteries and alchemies of friendship", likening it to The Reluctant Fundamentalist and the writing of W G Sebald. Senior editor Brendan Barrington bought world rights... Continue reading at The Bookseller
[ The Bookseller | 2011-09-12 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#lucy luck
#reluctant fundamentalist
Written By: Charlotte Williams Publication Date: Wed, 07/09/2011 - 08:15 Pan Macmillan has acquired a title which has sold, according to the publisher, more than a quarter of a million copies in eight weeks in France and went to number one in the bestseller charts. Editorial director Liz Gough... Continue reading at The Bookseller
[ The Bookseller | 2011-09-07 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#excluding australia
#bestseller charts
#million copies
Written By: Charlotte Williams Publication Date: Wed, 07/09/2011 - 15:06 Transworld has acquired a debut novel by British scriptwriter Rachel Joyce, a graduate of Faber Academy's novel writing course, in a two-book deal. read more Continue reading at The Bookseller
[ The Bookseller | 2011-09-07 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#faber academy
Written By: Charlotte Williams Publication Date: Tue, 06/09/2011 - 08:30 The Friday Project has acquired ten books by late American author William Wharton, with the deal including his never-before-published Second World War memoir, Shrapnel. read more Continue reading at The Bookseller
[ The Bookseller | 2011-09-06 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#friday project
Written By: Charlotte Williams Publication Date: Tue, 06/09/2011 - 08:30 Faber has entered into a partnership with The Perseus Books Group in the US, setting up a company to provide global digital services for independent publishers in the UK, Ireland and Commonwealth. read more Continue reading at The Bookseller
[ The Bookseller | 2011-09-06 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#independent publishers
In a move to grow its Technology Group, Penton Media has acquired Nine Lives Media. Continue reading at Folio Magazine
[ Folio Magazine | 2011-08-30 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#penton media
Written By: Charlotte Williams Publication Date: Tue, 30/08/2011 - 08:00 Hamish Hamilton has acquired Home Boy by H M Naqvi, winner of the inaugural DSC Prize for South Asian Literature in January this year. Publishing director Simon Prosser bought British Commonwealth rights from Margaret... Continue reading at The Bookseller
[ The Bookseller | 2011-08-30 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#harpercollins india
#originally published
#margaret halton
Written By: Bookseller Staff Publication Date: Tue, 23/08/2011 - 09:10 Several US law firms have now filed lawsuits against Apple and major US publishers alleging what one described as a "horizontal conspiracy" to fix and increase the price of ebooks in the US. One firm also now moved for the... Continue reading at The Bookseller
[ The Bookseller | 2011-08-23 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#law firms
R.R. Donnelly has added another company, LibreDigital, to its portfolio. Terms of the deal remain undisclosed. Continue reading at Folio Magazine
[ Folio Magazine | 2011-08-18 00:00:00 UTC ]
More news stories like this |
BBC Worldwide, a UK-based publisher, has sold its magazine business to Exponent, a private equity firm. Continue reading at Folio Magazine
[ Folio Magazine | 2011-08-16 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#magazine business
#uk-based publisher
#bbc worldwide
#magazine portfolio
Written By: Charlotte Williams Publication Date: Thu, 11/08/2011 - 08:55 Virago has acquired a second book by Paula McLain, author of this year's The Paris Wife, which told the story of Ernest Hemmingway's first wife. Associate publisher Ursula Doyle acquired UK and Commonwealth rights,... Continue reading at The Bookseller
[ The Bookseller | 2011-08-10 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#abner stein
#caspian dennis
#paris wife
#paula mclain
#virago acquires
Written By: Graeme Neill Publication Date: Mon, 08/08/2011 - 16:08 Literary agent Andrew Wylie has said publishers need to "stand firm" in the face of digital companies like Amazon and Apple or risk being locked into an insupportable business model that is unable to reward writers. In an... Continue reading at The Bookseller
[ The Bookseller | 2011-08-08 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#digital distributors
#literary agent
#digital companies
#digital giants
#stand firm
Adding to their rapidly expanding portfolio of e-commerce storefronts, F + W Media acquired The Writers Store. Becoming the 26th store under the F + W umbrella, The Writers Store sells third-party writing and filmmaking tools globally. The Writers Store offers tools, services and exclusive... Continue reading at Folio Magazine
[ Folio Magazine | 2011-07-20 00:00:00 UTC ]
More news stories like this |
Written By: Graeme Neill Publication Date: Wed, 20/07/2011 - 10:35 Granta has bought world rights in a book by psychoanalyst and Goldsmiths professor of literature Josh Cohen. Senior editor Bella Lacey signed the deal with Sarah Ballard at United Agents. Grant will publish The Private Life by... Continue reading at The Bookseller
[ The Bookseller | 2011-07-19 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#private life
#united agents
#sarah ballard
#modern culture
Written By: Graeme Neill Publication Date: Tue, 12/07/2011 - 11:13 Arrow has bought two books by veterinarian turned author Cathy Woodman. Editor Gillian Holmes bought UK, Commonwealth and European rights to the titles from Laura Longrigg at MBA Literary Agents. The first book in the deal will... Continue reading at The Bookseller
[ The Bookseller | 2011-07-12 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#laura longrigg
#european rights
Written By: Charlotte Williams Publication Date: Fri, 08/07/2011 - 11:00 Arrow has acquired an autobiography of the spiritualist and healer Helen Parry Jones. Editor Gillian Holmes bought UK and Commonwealth rights from Sheila Crowley at Curtis Brown. The book will tell the story of Parry... Continue reading at The Bookseller
[ The Bookseller | 2011-07-08 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#trade paperback
#spirit world
#early years
#curtis brown
#sheila crowley
Publication Date: Wed, 06/07/2011 - 15:47 Hachette Livre has acquired a stake in Moscow-based trade publishing group Azbooka-Atticus. The publishing giant now owns a 25% interest (plus one share) in the publisher, which is owned 94.6% by Alexander Mamuts A&NN Group, which recently acquired... Continue reading at The Bookseller
[ The Bookseller | 2011-07-06 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#publishing giant
Amazon.com has acquired The Book Depository International, a seven-year old online bookseller based in the UK, which also republishes titles that are no longer in print or poorly available. Continue reading at AllThingsD
[ AllThingsD | 2011-07-05 00:00:00 UTC ]
More news stories like this |
Written By: Bookseller Staff Publication Date: Mon, 04/07/2011 - 12:29 Amazon.com has reached an agreement to acquire The Book Depository, the fast-growing online retailer founded by Andrew Crawford in 2004. Greg Greeley, Amazon's vice president of European Retail, said: "Customers in more... Continue reading at The Bookseller
[ The Bookseller | 2011-07-04 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#free shipping
#vice president
#book depository
Written By: Charlotte Williams Publication Date: Fri, 01/07/2011 - 11:16 Publishing director Jane OShea has bought world rights to Kitchins Suppers by Tom Kitchin through Martine Carter at Sauce Management. Quadrille will publish in 2012. Kitchins Edinburgh restaurant The Kitchin won a... Continue reading at The Bookseller
[ The Bookseller | 2011-07-01 00:00:00 UTC ]
More news stories like this | All news stories tagged with:
#deborah mckenna