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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Denver, Colorado-based regional magazine 5280 has acquired the intellectual property of its main competitor, Denver Magazine, including Federal trademark of the brand name, Internet domains including http://denvermagazine.cim and Denver's Twitter account and Facebook pages. Continue reading at Folio Magazine
[ Folio Magazine | 2011-04-20 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Tue, 19/04/2011 - 09:51 Bloomsbury has purchased the backlist of The National Archives Publishing programme, and entered into an agreement to co-publish a range of forthcoming titles. The National Archives of the United Kingdom, in Kew, holds... Continue reading at The Bookseller
[ The Bookseller | 2011-04-19 00:00:00 UTC ]
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Publication Date: Tue, 19/04/2011 - 08:33 Mainstream Publishing has acquired a second title by Hooked author Clare Gee. Joint m.d. Bill Campbell acquired world rights to the as yet untitled book from Isabel Atherton at Creative Authors Ltd. Hooked, Gee's debut, told the story of her life as a... Continue reading at The Bookseller
[ The Bookseller | 2011-04-19 00:00:00 UTC ]
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The new Adweek debuts this week with a letter from editorial director Michael Wolff promising that this "is not your father's trade magazine." The brand--which merges sister titles Brandweek and Mediaweek--boasts a new look in print (with a redesign from storied magazine designers Continue reading at Folio Magazine
[ Folio Magazine | 2011-04-19 00:00:00 UTC ]
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Written By: Caroline Horn Publication Date: Wed, 13/04/2011 - 12:00 Random House Children's Books has acquired a "YA novel in the spirit of The Time Traveller's Wife" by Tamara Ireland Stone. Editorial director Kelly Hurst and commissioning editor Lauren Buckland bought UK and Commonwealth... Continue reading at The Bookseller
[ The Bookseller | 2011-04-13 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Tue, 12/04/2011 - 14:28 HarperCollins has bought world rights to the memoir of Aerosmith frontman and "American Idol" judge Steven Tyler. HarperCollins publisher Belinda Budge bought world rights in conjunction with Harper US from Queen Literary... Continue reading at The Bookseller
[ The Bookseller | 2011-04-12 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Mon, 11/04/2011 - 08:00 Ebury Illustrated has acquired world rights to M&C Saatchi's book Brutal Simplicity of Thought, which aims to "change the way you see everything". read more Continue reading at The Bookseller
[ The Bookseller | 2011-04-11 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 08/04/2011 - 12:36 Pan Macmillan has acquired world rights in a "superb" new novel from Susanna Jones, author of The Missing Person's Guide to Love. When Nights Were Cold is a "gripping tale of ambition and rivalry, madness and revenge in... Continue reading at The Bookseller
[ The Bookseller | 2011-04-08 00:00:00 UTC ]
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Publication Date: Fri, 08/04/2011 - 12:30 W&N has acquired a coming-of-age story by Korean author Kyung-sook Shin. UK and Commonwealth rights in I'll Be Right There were pre-empted by W&N editorial director Arzu Tahsin for a "good five-figure sum" from Barbara Zitwer at Barbara Zitwer... Continue reading at The Bookseller
[ The Bookseller | 2011-04-08 00:00:00 UTC ]
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Publication Date: Wed, 06/04/2011 - 14:24 Quercus has won a "keenly contested" auction to a debut literary crime novel set in Hull and East Yorkshire. Editor Jon Riley acquired UK and Commonwealth rights excluding Canada to The Dark Winter from Oliver Munson at Blake Friedmann in a two-book... Continue reading at The Bookseller
[ The Bookseller | 2011-04-06 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Wed, 06/04/2011 - 14:45 Tindal Street Press has bought UK and Commonwealth rights to a book about an obsessive ex-professional footballer's relationship with Manchester United player Ryan Giggs. Senior editor bought UK and Commonwealth rights to Bring... Continue reading at The Bookseller
[ The Bookseller | 2011-04-06 00:00:00 UTC ]
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Publication Date: Tue, 05/04/2011 - 08:20 Little, Brown imprint Atom has acquired a mystery series by debut author Christi Daugherty described as "The Secret History for the YA audience". Editorial director Samantha Smith bought UK and Commonwealth rights in the "major" two-book deal from... Continue reading at The Bookseller
[ The Bookseller | 2011-04-05 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Mon, 04/04/2011 - 15:00 Biteback has bought the memoir of former Northern Ireland secretary of state and anti-apartheid campaigner Peter Hain. Managing director Iain Dale bought UK and Commonwealth rights (excluding Guam and South Africa) from... Continue reading at The Bookseller
[ The Bookseller | 2011-04-04 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 01/04/2011 - 08:25 Bloomsbury has acquired world rights, following a "heated" five-way auction, to A Lady Cyclist's Guide to Kashgari by debut novelist Suzanne Joinson. Editorial director Helen Garnons-Williams bought the novel in a... Continue reading at The Bookseller
[ The Bookseller | 2011-04-01 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Tue, 29/03/2011 - 21:39 Virago has acquired a debut novel by Canadian author Frances Greenslade, pre-empting the title within 24 hours. Publisher Lennie Goodings acquired UK and Commonwealth rights (excluding Canada) through Bill Hamilton at A M... Continue reading at The Bookseller
[ The Bookseller | 2011-03-30 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Tue, 29/03/2011 - 21:39 Virago has acquired a debut novel by Canadian author Frances Greenslade, pre-empting the title within 24 hours. Publisher Lennie Goodings acquired UK and Commonwealth rights (excluding Canada) through Bill Hamilton at A M... Continue reading at The Bookseller
[ The Bookseller | 2011-03-30 00:00:00 UTC ]
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Publication Date: Tue, 29/03/2011 - 08:11 Michael O'Mara has acquired the autobiography of Brendan Sheerin, star of reality TV series "Coach Trip". Commissioning editor Kate Moore acquired world rights to A Coach Trip Adventure: My Life from Paula McKie of Agency Oakroyd. Sheerin works as a... Continue reading at The Bookseller
[ The Bookseller | 2011-03-29 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 25/03/2011 - 08:33 Penguin has bought what promises to be a "riveting" account of one of the biggest murder cases in Northern Ireland, featuring infidelity, laughing gas and a confession 20 years after the event. Penguin Ireland m.d.... Continue reading at The Bookseller
[ The Bookseller | 2011-03-25 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 25/03/2011 - 11:55 Random House Children's Books has acquired a debut children's novel by BBC Radio 2 presenter Simon Mayo. Editorial director Kelly Hurst acquired world all language rights in the two-book deal through Sam Copeland at... Continue reading at The Bookseller
[ The Bookseller | 2011-03-25 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Thu, 24/03/2011 - 15:49 No Exit Press has acquired a "hilarious and satirical novel" by debut author Kevin Holohan, called The Brothers' Lot. Publishing director Ion Mills bought UK and Commonwealth English-language rights, including digital,... Continue reading at The Bookseller
[ The Bookseller | 2011-03-24 00:00:00 UTC ]
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