Bobit Business Media Sells Automotive Aftermarket Division

Torrance, Calif.-based Bobit Business Media has sold its automotive aftermarket division, consisting of two controlled-circulation magazines as well as a paid membership program, to 10 Missions Media, a St. Paul, Minn.-based publisher of five B2B publications serving various segments of the automotive industry. Included in the sale are Auto Service Professional magazine—a bimonthly with a print circulation of 130,000, according to its media kit, which would make it the largest title in 10 Missions' portfolio by that metric—as well as 100 year-old Modern Tire Dealer magazine, a monthly with 35,000 qualified print subscribers, and the Dealer Strategic Planning Group, a peer membership and training platform for tire dealers. Bryce Evans, VP of content and events at 10 Missions Media, declined to share the financial terms of the deal, but tells Folio: that the acquired properties will continue to operate out of their current location in Uniontown, Ohio and that the existing teams will remain in place, adding that 1o Missions plans "to keep the publications running as is." In a press release, Greg Price, publisher of both Auto Service Professional and Modern Tire Dealer at Bobit Business Media, called the sale "an exciting new opportunity for our publications," noting the "numerous benefits shared across all our brands in the 10 Missions Media family.” “Adding such well respected and trusted brands to our mix not only allows us to expand our reach, now covering the... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-06-22 15:09:13 UTC ]
News tagged with: #financial terms #current location #existing teams #press release #glossy magazine

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Barnes & Noble 'founder' pondering bid to buy back retail business, hive off Nook Media

Just 12 hours after (already denied) rumors circulated that Barnes & Noble may ditch its Nook business, the company has had to make an announcement concerning its retail division. Thanks to SEC regulations, the company has had to 'fess up that majority shareholder and "founder*" Leonard... Continue reading at Engadget

[ Engadget | 2013-02-25 00:00:00 UTC ]
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American City Business Journals Acquires Streetwise Media

CHARLOTTE, N.C., Nov. 16, 2012 (GLOBE NEWSWIRE) -- American City Business Journals, the nation's largest print and online publisher of local business news, has acquired Streetwise Media, a Boston-based digital media company that uses a community ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-11-16 00:00:00 UTC ]
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Federated Media Shutters Its Direct Sales Business

In what could presage a foundational shift in the online advertising landscape, Federated Media Publishing will shut down its direct sales business, i.e. the division charged with selling standard display ads. On Thursday afternoon (Nov. 8) the company began informing employees that it would... Continue reading at AdWeek

[ AdWeek | 2012-11-09 00:00:00 UTC ]
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SnapMeUp to sell business ebooks via QR codes

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[ The Bookseller | 2012-07-13 00:00:00 UTC ]
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Fairfax Media in talks to buy Business Spectator: Reuters

Fairfax Media is in exclusive talks to acquire the publisher of independent news and opinion website Business Spectator, Reuters says. Continue reading at The Sydney Morning Herald

[ The Sydney Morning Herald | 2012-04-10 00:00:00 UTC ]
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American Business Media's 2012 Neal Award Winners

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[ Folio Magazine | 2012-03-19 00:00:00 UTC ]
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Selling Social Media

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ASP Westward Sells Community Media of Colorado to Macari-Healey Publishing Company, LLC

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[ Editor & Publisher | 2012-02-06 00:00:00 UTC ]
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Atlantic Media Taps Editor-in-Chief for New Global Business Brand

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Media Decoder: Using E-Books to Sell More Print Versions

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The Media Equation: Now to Sell Advertisers on Tablets

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Nielsen Media and Reed Business Information

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[ Folio Magazine | 2011-04-21 00:00:00 UTC ]
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United Business Media Reports 7.5 Percent Underlying Revenue Growth in Q1 2011

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Advantage Business Media Buys "Continuity Insights" Portfolio

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[ Folio Magazine | 2011-03-11 00:00:00 UTC ]
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