Endeavor Business Media Acquires SouthComm’s B2B Assets

Chris Ferrell, Patrick Rains and company are returning to SouthComm, Inc.—or, perhaps more accurately, SouthComm is returning to them. Endeavor Business Media—the firm launched by Ferrell just weeks after his departure from SouthComm last November as part of a "change in strategic direction" at the company—announced Monday that it has acquired SouthComm's remaining assets, including 17 trade magazines and a handful of affiliated websites and trade shows. "From the moment I left SouthComm, I set about trying to put together the resources to acquire the B2B brands when the company put them on the market," Ferrell tells Folio:. "I told the staff this morning that I have been looking forward to this day for eight months." SouthComm, which Ferrell founded in 2007 and headed as CEO until last year, had spent the last several months selling off its considerable holdings in the local alt-weekly space piece-by-piece—including the Nashville Post and Nashville Scene, the Washington City Paper, and Kansas City's The Pitch, among others—in an apparent bid to focus more on its b2b brands, which, by most accounts, were a stronger business. SouthComm's financial backer, Nashville-based VC firm Solidus, evidently felt that the shift in focus also required a shift in leadership, and Ferrell was left to form a new venture alongside former Solidus managing partner Townes Duncan and former SouthComm VP Patrick Rains, the latter of whom was named Endeavor's founding COO. [caption... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2018-06-26 00:00:00 UTC ]

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Simon & Schuster To Acquire the Netherlands’ VBK

'Our shared goal is to expand the audience for our authors and their books,' says S&S CEO Jonathan Karp in announcing the VBK acquisition. The post Simon & Schuster To Acquire the Netherlands’ VBK appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

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Simon & Schuster Acquires Dutch Publisher Veen Bosch & Keuning

S&S has acquired VBK, the largest Dutch book publishing house, and its subsidiaries and sister companies. The move marks the first major instance of a promised international expansion at S&S since its acquisition by private equity firm KKR last year. Continue reading at Publishers Weekly

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The Onion Sold by G/O Media

The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion’s staff. Continue reading at The New York Times

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The independent publisher making a business of celebrity book imprints

Independent publisher Zando's highest-visibility imprints are its collabs with celebrities, which are part of its mission to change the institutional racism that has plagued American publishing from its start. Continue reading at Los Angeles Times

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Actress Viola Davis Launches JVL Media

Davis, her husband Julius Tennon, and publisher Lavaille Lavette are launching JVL Media, a new publisher and packager focused on diverse and underrepresented voices. Continue reading at Publishers Weekly

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Barry Diller Bets on Media Veterans to Turn Around The Daily Beast

The former Disney executive Ben Sherwood and Joanna Coles, the former Hearst content chief, are being given a minority stake in the digital tabloid. Continue reading at The New York Times

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Rizzoli International to Acquire Chelsea Green Publishing

The New York City–based subsidiary of Italian publisher the Mondadori Group has agreed to acquire the White River Junction, Vt.–based independent book publisher of titles on politics and sustainability. Continue reading at Publishers Weekly

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OCLC Acquires CloudLibrary Digital Content Platform

Nonprofit library technology cooperative OCLC, the company behind WorldCat, has acquired CloudLibrary, a technology platform offering patrons access to digital content through libraries, from library e-book vendor Bibliotheca. Continue reading at Publishers Weekly

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Women's Media Group Celebrates 50 Years

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Simon Acumen, New Business Imprint, Launches at Simon Element

Simon Element v-p and publisher Richard Rhorer and executive editor Stephanie Hitchcock will lead the imprint, which aims to publish 15–20 "books that help readers navigate the dynamic world of work" per year. Continue reading at Publishers Weekly

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How Hearst Magazines is using its digital membership model to grow its e-commerce marketplace business 

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Why media companies are still hybrid, four years since the pandemic started

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Telegraph takeover: UK planning new laws to prevent foreign states owning assets

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Google sued for $2.3bn by European media groups over digital ad losses

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U.K. Publishing Spotlight: For Watkins Media, No Niche Is Too Small

Watkins Media’s head of marketing says that its unique titles, which span many categories—including the occult several countercultures—are finding success in the U.S. Continue reading at Publishers Weekly

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