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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HarperCollins has acquired a book by journalist Alix Sharkey exploring his experience growing up with a brother now imprisoned for the murder of teenager Danielle Jones. Continue reading at The Bookseller
[ The Bookseller | 2021-04-13 19:59:28 UTC ]
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HarperCollins parent News Corp's intended acquisition of HMH Books & Media raises, for some, new concern about consolidation. The post News Corp’s Plan To Acquire Houghton Mifflin’s Trade Division appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-03-31 15:40:39 UTC ]
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Lee and Andrew Child's The Sentinel (Corgi) has gripped the UK Official Top 50 number one spot for a second week running, selling 28,523 copies for its first full week on the shelves in paperback. Continue reading at The Bookseller
[ The Bookseller | 2021-03-30 17:58:49 UTC ]
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Only three months after the high-profile merger of Penguin Random House and Simon & Schuster, The New York Times reported earlier this morning that HarperCollins, one of publishing’s “Big Five,” will acquire Houghton Mifflin Harcourt Books and Media—Houghton Mifflin Harcourt’s trade... Continue reading at Literrary Hub
[ Literrary Hub | 2021-03-29 14:25:08 UTC ]
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The second largest trade publisher in the U.S. will buy Houghton Mifflin Harcourt Books & Media, generally considered the sixth largest, for $349 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-29 04:00:00 UTC ]
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Bonnier Books UK's new digital-first imprint Embla Books has bought Laura Starkey's debut, Rachel Ryan’s Resolutions, as its first acquisition. Continue reading at The Bookseller
[ The Bookseller | 2021-03-22 11:15:26 UTC ]
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On June 28, 2018, a gunman stormed the newsroom of the Capital Gazette, in Annapolis, Maryland, and murdered five staffers: Rob Hiaasen, Wendi Winters, Rebecca Smith, Gerald Fischman, and John McNamara. Later the same day, Selene San Felice, a twenty-two-year-old reporter who survived the... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2021-03-16 12:10:09 UTC ]
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Atlantis Press, a French publisher of conference proceedings, is bought by Germany's Springer Nature, which adds to its portfolio a platform that sees 1.5 million downloads monthly. The post Springer Nature Acquires Paris’ Open Access Atlantis Press appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-03-11 19:04:34 UTC ]
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Hachette Children's has acquired world rights to a new series from British Chinese author M Chan. The Tiger Warrior series is billed as a "thrilling" action-adventure series for children aged five to seven, steeped in East Asian folklore and mythology. Continue reading at The Bookseller
[ The Bookseller | 2021-03-03 13:52:03 UTC ]
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Saga Spain representatives say the Cuántica Activa Audiolibros catalogue's focus on self-help is a good fit for its emerging Spanish markets. The post Denmark’s Saga Egmont Acquires Mexico’s Cuántica Activa Audiolibros appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-02-25 16:24:32 UTC ]
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Tinder Press, Headline's literary imprint, has acquired Small Angels by Lauren Owen, author of The Quick (Vintage, 2014). Continue reading at The Bookseller
[ The Bookseller | 2021-02-25 00:05:34 UTC ]
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Black & White will publish the first book from "Great British Bake Off" 2020 winner Peter Sawkins. Continue reading at The Bookseller
[ The Bookseller | 2021-02-25 00:03:12 UTC ]
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Chicago-based Centro Inc., a maker of advertising software, is acquiring a San Mateo-based predictive advertising technology company. Centro announced Wednesday that it is acquiring QuanticMind Inc. Its software uses artificial intelligence and machine learning to analyze data and provide... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2021-02-24 22:49:15 UTC ]
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Can you think of a single feel-good news story from the past five years that isn’t, at its core, an indictment of the society in which we live? Here at Lit Hub, one of our most-read stories last year was “Big-hearted strangers turn Little Free Libraries into Little Free Pantries.” While I don’t... Continue reading at Literrary Hub
[ Literrary Hub | 2021-02-23 16:10:35 UTC ]
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What’s considered “normal” is contingent on culture, Roy Richard Grinker explains. Continue reading at The Washington Post
[ The Washington Post | 2021-02-12 13:00:00 UTC ]
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Audiobook company RBmedia has acquired Booka, a Barcelona-based audiobook publishing company, and its full catalog of Spanish language titles. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-02-11 05:00:00 UTC ]
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Firefly Press has acquired world rights in Major and Mynah, a junior detective story featuring a hard of hearing protagonist, by children’s author Karen Owen. Continue reading at The Bookseller
[ The Bookseller | 2021-02-09 14:40:11 UTC ]
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Kay Featherstone and Kate Allinson's Pinch of Nom Quick & Easy (Bluebird) has weighed in at the top of the UK Official Top 50 chart for a sixth consecutive week. Continue reading at The Bookseller
[ The Bookseller | 2021-02-09 09:18:33 UTC ]
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Gallic Books has acquired B: A Year in Plagues and Pencils, a collection of "lockdown drawings" by Edward Carey. Continue reading at The Bookseller
[ The Bookseller | 2021-02-03 02:35:57 UTC ]
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Hodder & Stoughton has acquired (Dis)Connected: How to Stay Human in an Online World by podcaster and author Emma Gannon. Continue reading at The Bookseller
[ The Bookseller | 2021-02-01 17:49:30 UTC ]
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