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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Written By: Charlotte Williams Publication Date: Tue, 08/02/2011 - 08:20 Simon & Schuster Childrens Books has acquired an adventure series inspired by Arthurian legend. Venetia Gosling, fiction editorial director at Simon & Schuster, bought world rights to eight books from Ben... Continue reading at The Bookseller
[ The Bookseller | 2011-02-08 00:00:00 UTC ]
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Written By: Lisa Campbell Publication Date: Tue, 08/02/2011 - 09:10 W H Smith has acquired 22 stores previously run by British Bookshops and Stationers in a £1m deal. The bookshops will continue to trade under BB&S until a "phased takeover" begins later this month in stores in Teddington... Continue reading at The Bookseller
[ The Bookseller | 2011-02-08 00:00:00 UTC ]
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Written By: Charlotte Williams Environmental publisher Earthscan has been bought by international academic publishing group Taylor & Francis following a process brokered by mergers and acquisitions specialists Bertolli Mitchell. The deal was completed on Monday [31st February]. read more Continue reading at The Bookseller
[ The Bookseller | 2011-02-03 00:00:00 UTC ]
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Written By: Charlotte Williams Michael Joseph has acquired rights in "X Factor" finalist and "I'm a Celebrity, Get Me Out of Here!" queen Stacey Solomon's autobiography. Katy Follain, Michael Joseph non-fiction publisher bought British Commonwealth including Canada, serial, audio and ebook... Continue reading at The Bookseller
[ The Bookseller | 2011-02-03 00:00:00 UTC ]
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Written By: Charlotte Williams Hodder Children's Books has acquired a teen paranormal romance trilogy, written by debut author and Random House adult fiction publicist Ruth Warburton. Senior editorial manager for fiction at Hodder Children's Sara O'Connor acquired world rights for a five-figure... Continue reading at The Bookseller
[ The Bookseller | 2011-02-03 00:00:00 UTC ]
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Written By: Katie Allen Octopus has acquired a new diet book which extols the virtues of eating pasta, bread, potatoes and pizza. Octopus publishing director Stephanie Jackson acquired UK and Commonwealth rights to The CarbLover's Diet with Tom Mifsud and Steve Sandonato of Time Home... Continue reading at The Bookseller
[ The Bookseller | 2011-02-02 00:00:00 UTC ]
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The assets of music magazine Pastewhich folded in print last fall but kept Pastemagazine.com alivehave been sold to Wolfgang's Vault, owner of a variety of music sites including Continue reading at Folio Magazine
[ Folio Magazine | 2011-01-26 00:00:00 UTC ]
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