A group of private foundations led by the J. Paul Getty Trust is set to purchase the complete photography archive of Johnson Publishing—which comprises some 983,000 photographs and 3.35 million unprocessed negatives from Ebony and Jet magazines dating back to 1948—after submitting a winning $30 million bid in a bankruptcy auction in Chicago on Wednesday morning. Johnson, which sold Ebony and Jet to the private equity firm Clear View Group in 2016 after seven decades of ownership, had sought to sell off the archive, its most valuable remaining asset, in order to satisfy outstanding debts after filing for Chapter 7 bankruptcy in April. Led by the Getty Trust—which operates a pair of art museums in Los Angeles and claimed a total endowment of $7.3 billion as of 2018—the purchasing group also includes the Ford Foundation, the MacArthur Foundation and the Andrew W. Mellon foundation. A rep for the Getty Trust did not immediately respond to a request for comment. After an initial auction held on July 17 yielded a winning bid of just $12.8 million, the deadline was extended to Wednesday morning after a "truly remarkable" level of interest from multiple parties, according Chapter 7 trustee Miriam Stein, with the sale price eventually arriving at $28.5 million, plus the $1.5 million deposit required in order to participate in the proceeding. A hearing to approve the sale will be held Thursday, with the deal expected to be completed on Friday. Chicago-based advisory firm Hilco... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2019-07-25 17:18:02 UTC ]
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Mantle has acquired two historical crime thrillers by debut author Laura Shepherd-Robinson in a "hotly contested" auction. Continue reading at The Bookseller
[ The Bookseller | 2018-07-04 00:00:00 UTC ]
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After 21 years, Alabama-based Grand View Media appears to be exiting the publishing business. Group C Media—the New Jersey-based publisher of Business Facilities and Facility Executive magazines—announced last week its acquisition of Turf, Turf Design Build, and Tree Services magazines from... Continue reading at Folio Magazine
[ Folio Magazine | 2018-06-13 00:00:00 UTC ]
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International media group Future plc has acquired NewBay Media for an initial net value of $13.8 million, the companies announced today. NewBay Media, based in London and New York, is a magazine and website publisher, with multiple verticals covering fields like TV and audio, electronics and... Continue reading at AdWeek
[ AdWeek | 2018-04-05 00:00:00 UTC ]
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In the latest of its moves amid East-European educational-sector interests, it proposes taking over publishing and distribution assets in Bulgaria. The post Germany’s Klett Applies To Acquire Bulgarian Publishing and Distribution Group appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-12-01 00:00:00 UTC ]
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Baker & Taylor Publishers Services will offer distribution and other functions to children’s, trade, K‐12, higher education and academic publishers. To help lead the unit, B&T has hired distribution veteran Mark Suchomel as senior v-p of sales & client services. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-02 00:00:00 UTC ]
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"This acquisition provides a significant opportunity for us to expand both communities." The post Chief Executive Group Acquires Corporate Board Member Magazine appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-09-01 00:00:00 UTC ]
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SportsTravel, Association News, and a trio of related event businesses join Northstar's Meetings Group. The post Northstar Travel Group Acquires Schneider Publishing Assets appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-04-05 00:00:00 UTC ]
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Personnel changes hit Los Angeles Magazine as new owners lay off publisher, EIC. The post Hour Media Group Acquires Emmis Magazines for $6.5 Million appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-03-01 00:00:00 UTC ]
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A show about the boundary-pushing art of radical Latin American women and another devoted to the science fiction of the Americas are just two of 43 exhibitions and events receiving $8.5 million in grants from the Getty Foundation as part of Pacific Standard Time: Los Angeles/Latin America,... Continue reading at Los Angeles Times
[ Los Angeles Times | 2016-03-30 00:00:00 UTC ]
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Publisher of Decor and Art Business News adds Red Dot Art Fair and Art Santa Fe to growing exhibitions division. The post Redwood Media Group Acquires Two Art Shows appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-01-14 00:00:00 UTC ]
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Heard, a former Washington Post editor, used to volunteer at the foundation, and is currently its board secretary. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-10-23 00:00:00 UTC ]
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Michael Bloomberg, the publishing mogul and former New York City mayor, will pump $4.5 million into L.A.'s nonprofit arts scene over the coming two years, as part of a national initiative by his Bloomberg Philanthropies to help small and mid-size arts organizations. Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-09-19 00:00:00 UTC ]
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The Athens (Ohio) NEWS, a twice-weekly newspaper launched in 1977 by Bruce Mitchell, is being sold to Adams Publishing Group (APG) Media of Ohio LLC, a family owned newspaper company with headquarters in Minnesota. Mitchell and ownership ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2014-09-25 00:00:00 UTC ]
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Adams Publishing Group, LLC announced today that it has purchased the assets of Chronotype Publishing Company located in Rice Lake, Wisconsin. The acquisition includes The Chronotype, Northwestern Wisconsin’s largest weekly newspaper, and T ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2014-08-07 00:00:00 UTC ]
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The Alesco Group is expanding with the acquisition of Statlistics, a Connecticut-based list management and brokerage firm. Earlier this year Statlistics announced a merger with Chicago-based data services provider Exact Data, but that deal fell through. Continue reading at Folio Magazine
[ Folio Magazine | 2013-08-09 00:00:00 UTC ]
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Campaigning body the Children's Media Foundation has launched an initiative to attract a... Continue reading at The Bookseller
[ The Bookseller | 2012-05-11 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Tue, 19/04/2011 - 09:51 Bloomsbury has purchased the backlist of The National Archives Publishing programme, and entered into an agreement to co-publish a range of forthcoming titles. The National Archives of the United Kingdom, in Kew, holds... Continue reading at The Bookseller
[ The Bookseller | 2011-04-19 00:00:00 UTC ]
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The Little Tiger Group is bringing all of its imprints—Little Tiger, Caterpillar, Stripes and 360 Degrees—under the Little Tiger brand, with Thomas Truong promoted to the role of group publishing director. Continue reading at The Bookseller
[ The Bookseller | 2020-03-11 00:36:47 UTC ]
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In two moves announced within days of each other, new consolidation can be seen in both nonfiction and in distribution and manufacturing services in publishing. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Leaver: ‘An Excellent Springboard’ ormer Quarto CEO Marcus Leaver and Mark Smith... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-04-01 00:00:00 UTC ]
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We interviewed Sarah Taylor, group marketing manager at Troubador Publishing Group about her role. Continue reading at The Bookseller
[ The Bookseller | 2016-07-14 00:00:00 UTC ]
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