M&A Update: Detroit’s Hour Media Buys Three More Regional Titles

Detroit-based Hour Media Group continued its nearly two-year-long regional magazine shopping spree this week, snatching up 38-year-old Gemini Publications, also based in Michigan, from longtime owner and publisher John Zwarensteyn. Included in the sale are the monthly Grand Rapids magazine, the weekly Grand Rapids Business Journal, and Michigan Blue, a lifestyle title which publishes six times per year. The deal—the terms of which were not disclosed—is the latest in a string of acquisitions for Hour Media Group, following last year's purchases of Atlanta, Cincinnati, Los Angeles, Naples Illustrated, Orange Coast, Palm Beach Illustrated, and Pasadena magazines in three separate transactions. Altogether, Hour Media now publishes more than 132 magazines and custom titles and produces 65 live events around the country, including through its corporate subsidiaries in Alabama, California, Florida, Georgia, Minnesota, New York, and Ohio. "These brands have established a strong presence and earned respect in the West Michigan market, and as with all our regional products around the country, our goal is to first serve our local markets," said Hour Media president John Balardo in a prepared statement. Although prior acquisitions by Hour Media have been met with layoffs and staff turnover—most notably last March's purchase of Atlanta, Cincinnati, Orange Coast, and Los Angeles from Emmis Communications—the company maintains that Gemini Publications staffers will remain based at their... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2018-09-06 00:00:00 UTC ]
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Waterstone's parent buys stake in 'social bookselling' website

Written By: Graeme Neill Publication Date: Wed, 02/03/2011 - 08:44 HMV Group has "substantially" backed a social networking site called aNobii, which aims to help readers find buy and share books. The website, www.anobii.com, has existed since 2006 but was bought recently by internet... Continue reading at The Bookseller

[ The Bookseller | 2011-03-02 00:00:00 UTC ]
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Emma Henderson picked as first Orange New Writers title

Written By: Lisa Campbell Publication Date: Tue, 01/03/2011 - 15:50 The Orange New Writers Book of the Month promotion launches today [1st March] featuring Emma Henderson as the first writer to receive a month-long promotion in Waterstone's. read more Continue reading at The Bookseller

[ The Bookseller | 2011-03-01 00:00:00 UTC ]
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Media Decoder: Random House Adopts New Model for Selling E-Books

Beginning Tuesday, Random House will join other major book publishers in selling its ebooks using the so-called agency model, setting its own prices for ebooks while the retailer takes a commission. Continue reading at The New York Times

[ The New York Times | 2011-03-01 00:00:00 UTC ]
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HarperCollins buys more Meerkat Madness

Written By: Laura Richards Publication Date: Mon, 28/02/2011 - 15:40 HarperCollins Children’s Books has acquired two further installments of Ian Whybrow’s children’s series Meerkat Madness. Harriet Wilson, HC Children’s Books editorial director, bought world rights including TV, film and... Continue reading at The Bookseller

[ The Bookseller | 2011-02-28 00:00:00 UTC ]
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Media Decoder: A Limit on Lending E-Books

Beginning in March, ebooks from HarperCollins may be lent by public libraries only 26 times before the license expires. Continue reading at The New York Times

[ The New York Times | 2011-02-28 00:00:00 UTC ]
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W&N buys Joanna Lumley memoir

Written By: Graeme Neill Publication Date: Thu, 24/02/2011 - 09:39 Weidenfeld & Nicolson has bought rights to an illustrated memoir by actress Joanna Lumley, which will be published this autumn. Michael Dover, Orion's outgoing non-fiction editorial in chief bought world rights from Anthony... Continue reading at The Bookseller

[ The Bookseller | 2011-02-24 00:00:00 UTC ]
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Montaigne title wins Duff Cooper Prize

Written By: Neill Denny Publication Date: Wed, 23/02/2011 - 09:35 Chatto's How to Live: A Life of Montaigne has won The Duff Cooper Prize, beating Costa-category winner The Hare with Amber Eyes and Keith Richards' huge-selling autobiography. Winning author Sarah Bakewell was presented with the... Continue reading at The Bookseller

[ The Bookseller | 2011-02-23 00:00:00 UTC ]
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Hearst Magazines Digital Media Announces Staff Changes

Hearst Magazines Digital Media announced several changes to its roster today. Julie Hocheiser is now site director for Seventeen.com. Hocheiser served previously as the senior web editor for the Hearst Teen Network. Neha Gandhi also joined Seventeen.com as a web editor. Gandhi is the former... Continue reading at Folio Magazine

[ Folio Magazine | 2011-02-23 00:00:00 UTC ]
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Usborne buys Gym Stars series

Publication Date: Tue, 22/02/2011 - 08:30 Usborne has acquired a new series about gymnastics from debut author Jane Lawes. Fiction director Rebecca Hill acquired world English Language rights to the Gym Stars series from Sarah Molloy at A M Heath. The first two books Summertime and Somersaults... Continue reading at The Bookseller

[ The Bookseller | 2011-02-22 00:00:00 UTC ]
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The Media Equation: 2 Platforms, With 2 Sets of Problems

Magazine publishers have a tough choice: an exclusive, pricey deal with the wildly popular Apple conduit, or Google’s open, less expensive and less trafficked vehicle. Continue reading at The New York Times

[ The New York Times | 2011-02-21 00:00:00 UTC ]
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HC buys children's trilogy

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[ The Bookseller | 2011-02-21 00:00:00 UTC ]
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Access Intelligence Acquires Red 7 Media

Rockville, MD—B-to-b media company Access Intelligence announced today the acquisition of Red 7 Media, owner of Folio: Magazine and several other leading media brands. Continue reading at Folio Magazine

[ Folio Magazine | 2011-02-17 00:00:00 UTC ]
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Titan acquires Giamatti film title

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[ The Bookseller | 2011-02-16 00:00:00 UTC ]
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Kindle App Update Adds Real Page Numbers

Kindle 2.6 for iPhone and iPad now displays "real page numbers," which Amazon has been adding to a large number of ebooks available from the Kindle Store. Continue reading at PC World

[ PC World | 2011-02-15 00:00:00 UTC ]
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H&S acquires Misery Bear title

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[ The Bookseller | 2011-02-14 00:00:00 UTC ]
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RHCB sign development deals for kids titles

Written By: Caroline Horn Publication Date: Mon, 14/02/2011 - 16:10 read more Continue reading at The Bookseller

[ The Bookseller | 2011-02-14 00:00:00 UTC ]
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The Pitfalls of E-Book Buying: What to Look Out for Before You Purchase

Easy downloads and convenient storage are the chief lures of a virtual library, but ownership has some irritating downsides that require your attention before you hit the ebook purchase button. Continue reading at PC World

[ PC World | 2011-02-11 00:00:00 UTC ]
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Beautiful Books acquires two "major" autumn titles

Written By: Charlotte Williams Publication Date: Thu, 10/02/2011 - 08:00 Beautiful Books has acquired two "major" non-fiction titles for autumn 2011, with one revisiting Orwell's Wigan Pier and another looking at one of the first people to recognise the Young British Artists (YBA). Publisher... Continue reading at The Bookseller

[ The Bookseller | 2011-02-10 00:00:00 UTC ]
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Viking acquires art title by Will Gompertz

Written By: Charlotte Williams Publication Date: Thu, 10/02/2011 - 08:01 Viking has acquired world rights to a modern art title by BBC arts editor Will Gompertz. Editor Ben Brusey bought What Are You Looking At?: The Surprising Story of Modern Art directly from the author, with Viking to... Continue reading at The Bookseller

[ The Bookseller | 2011-02-10 00:00:00 UTC ]
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Dorchester Media Puts Entertainment, Select Romance Mag Assets on the Block

New York City-based Dorchester Media LLC is fielding offers for the assets of its Lifestyle Entertainment Teen Magazine and Romance Groups. Continue reading at Folio Magazine

[ Folio Magazine | 2011-02-09 00:00:00 UTC ]
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