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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G/O Media Shutters Jezebel, Lays Off Staff and Editorial Director Merrill Brown

The digital publisher G/O Media has shuttered Jezebel, the feminist publisher, amid a broader sweep of layoffs across the G/O Media portfolio that will affect 23 staff in total, according to an internal memo shared by chief executive Jim Spanfeller. The cuts come just two days after the company... Continue reading at AdWeek

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Britney Spears’s Memoir Sells 1.1 Million in First Week

Britney Spears's memoir sold 1.1 million copies in its first week. Here are some other recent celebrity memoir sales numbers. Continue reading at Book Riot

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ALA Report Looks at Millennial, Gen Z Library Usage, Media Habits

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Britney Spears's 'The Woman in Me' Sells More Than 1 Million Copies

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Trauma and drama: Britney Spears and the risky business of celebrity memoirs

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Academic Publishing: Springer Nature Acquires Slimmer AI’s Science Division

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[ Publishing Perspectives | 2023-10-27 11:34:24 UTC ]
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Why executives at Esports Business Summit are (still) bullish on competitive gaming

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Crooked Media Founders Announce Debut Book with Zando Imprint

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At Frankfurt: Demand for More Books and Cultural Media Coverage

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Bloomberg Media Restructures Sales Team to Streamline Events, Integrated Marketing

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Book Business Applauds Government Lawsuit Against Amazon

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