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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Digital commercial fiction publisher Hera Books has been acquired by Canelo for an undisclosed fee, with Hera's co-founder and m.d. Lindsey Mooney stepping down from the firm to pursue other opportunities. Continue reading at The Bookseller
[ The Bookseller | 2021-08-09 06:37:26 UTC ]
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Canongate has landed Time on Rock, an outdoor climbing guide and memoir of self-discovery by Anna Fleming. Continue reading at The Bookseller
[ The Bookseller | 2021-08-04 21:31:00 UTC ]
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US-based marketing tech company Open Road Media (OR/M) has acquired UK e-book specialist indie Bloodhound Books for an undisclosed sum. Continue reading at The Bookseller
[ The Bookseller | 2021-07-27 20:12:24 UTC ]
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Newly recruited Virago publishing director Anna Kelly has made her first acquisition for the imprint with Harvard student Becca Rothfeld’s debut essay collection All Things Are Too Small. Continue reading at The Bookseller
[ The Bookseller | 2021-07-16 22:35:16 UTC ]
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International sales agency Gunnar Lie & Associates Ltd (GLA) is being acquired by Compass Independent Book Sales Ltd (CIPS). Continue reading at The Bookseller
[ The Bookseller | 2021-07-15 07:22:32 UTC ]
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Travel specialist Heartwood Publishing has acquired the assets of map specialist PopOut Maps from John Sadler and Katharine Leck. Continue reading at The Bookseller
[ The Bookseller | 2021-07-07 11:41:32 UTC ]
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Amberley Publishing, an independent specialist in local history heritage, has acquired Quiller Publishing in a £1.4m deal. Continue reading at The Bookseller
[ The Bookseller | 2021-07-02 21:49:26 UTC ]
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Nancy Adimora rejoined HarperCollins UK as talent and audience development manager, Diversity & Inclusion, in February 2020, a new role reporting to HarperCollins c.e.o. Charlie Redmayne. Adimora works across the business to attract new authors and will help reach and market to new audiences... Continue reading at The Bookseller
[ The Bookseller | 2021-06-25 02:11:08 UTC ]
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Viking has signed a "fascinating" book from Chicago professor Howard Nusbaum, looking at what wisdom is and how we can be wiser. Continue reading at The Bookseller
[ The Bookseller | 2021-06-19 13:56:59 UTC ]
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The acquisition of Kanopy adds an extensive video catalog to the OverDrive platform, with some 30,000 films available to students and library users through the Kanopy platform. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-06-09 04:00:00 UTC ]
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Doubleday and Anchor Books have acquired North American rights for two new political thrillers by Georgia politician Stacey Abrams. Both of the new novels will feature Avery Keene, the star of Abrams's latest novel, 'While Justice Sleeps.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-20 04:00:00 UTC ]
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Cassava Republic is to publish Unbury Our Dead, a literary novel by Mukoma Wa Ngugi, described as "a love letter to beauty, music and the imagination". Continue reading at The Bookseller
[ The Bookseller | 2021-05-14 07:38:11 UTC ]
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Radish, a mobile reading app offering serialized bingeable genre fiction, has been acquired by Kakao Entertainment in a transaction valued at $440 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-11 04:00:00 UTC ]
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Amazon Publishing will sponsor Capital Crime's 2021 New Voices Award sponsored by Amazon Publishing with a £1,000 cash prize and potential publication. Continue reading at The Bookseller
[ The Bookseller | 2021-05-05 13:40:42 UTC ]
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MEP Capital has made an investment in RosettaBooks in a deal that gives MEP ownership of Rosetta's e-book catalog while leaving the operation of Rosetta unchanged. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-04 04:00:00 UTC ]
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Bloomsbury U.K. has acquired U.K. and North American rights to two book projects—a five volume fantasy series and a short story collection—from the celebrated comics writer and novelist Alan Moore. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-04 04:00:00 UTC ]
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Constrained by the pandemic, a small but spirited weekend opens the 2021 UNESCO World Book Capital program in Tbilisi. The post Tbilisi Opens Its UNESCO World Book Capital Year: ‘An Historic Day’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-04-26 16:29:25 UTC ]
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Culture Street mural for Grenfell Tower, with poem by Ben Okri, North Kensington, London, image courtesy of IranWire and #PaintTheChange. London-based writer Malu Halasa canvasses the Middle Eastern and North African culture scene in London,... Continue reading at World Literature Today
[ World Literature Today | 2021-04-19 19:22:28 UTC ]
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Hachette Children’s Group has acquired If This Gets Out, a queer YA romance from new author duo Sophie Gonzales and Cale Dietrich. Continue reading at The Bookseller
[ The Bookseller | 2021-04-15 22:55:02 UTC ]
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Ingram Content Group has reached a deal to sell its digital learning platform VitalSource to Francisco Partners. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-15 04:00:00 UTC ]
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