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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Macmillan buys historical title by Nixey

Pan Macmillan has acquired a book about how the forces of Christianity destroyed the texts of the ancient Greeks and Romans. The Darkening Age, by historian and journalist Catherine Nixey, will tell the story of how all over the ancient Roman world books were burnt, temples were thrown down and... Continue reading at The Bookseller

[ The Bookseller | 2015-06-25 00:00:00 UTC ]
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GIE Media Buys Into Cannabis Business

Acquisition of Cannabis Business Times adds to company’s assets in horticulture segment; print magazine on the way. The post GIE Media Buys Into Cannabis Business appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2015-04-29 00:00:00 UTC ]
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Bonnier in Talks to Buy Men's Fitness From American Media

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[ Advertising Age | 2015-03-30 00:00:00 UTC ]
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Regional Maine Titles Down East and Dispatch Merge Sales Teams

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[ Folio Magazine | 2015-03-27 00:00:00 UTC ]
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Apollo in the Lead to Buy Digital First Media — Sources

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[ Editor & Publisher | 2015-03-17 00:00:00 UTC ]
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Regional newspaper titles suffer yet more substantial sales declines

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[ The Guardian | 2015-02-25 00:00:00 UTC ]
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Stagnito Buys Canadian Brands From Fulcrum Media

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[ Folio Magazine | 2015-02-18 00:00:00 UTC ]
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Complex Buys Fanboy Site Collider for Growing Media Network

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[ Advertising Age | 2015-01-23 00:00:00 UTC ]
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Recorded Books Buys Tantor Media

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[ Publishers Weekly | 2015-01-06 00:00:00 UTC ]
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Print Media Buying Has Stabilized, Agency Execs Say, But Change is Still the Watchword

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[ Folio Magazine | 2014-11-07 00:00:00 UTC ]
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New York Magazine digs into Hawaii media owner Pierre Omidyar, Civil Beat digs on buying nice things

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[ Silicon Valley Business Journal | 2014-11-07 00:00:00 UTC ]
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Millennial Media Buys Nexage for $107 Million

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[ AdWeek | 2014-09-23 00:00:00 UTC ]
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Florida university lets students buy titles for its ebook-only library

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[ Engadget | 2014-08-26 00:00:00 UTC ]
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I-5 Publishing Buys Say Media Pet Properties

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[ Folio Magazine | 2014-07-16 00:00:00 UTC ]
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[ Editor & Publisher | 2014-07-14 00:00:00 UTC ]
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[ Folio Magazine | 2014-06-20 00:00:00 UTC ]
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[ Publishers Weekly | 2014-04-21 00:00:00 UTC ]
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[ The Bookseller | 2013-11-25 00:00:00 UTC ]
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Darden Media Group buys Maxim magazine

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[ Crains New York | 2013-09-13 00:00:00 UTC ]
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LBBYR buys new title from Mattel

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[ The Bookseller | 2013-06-11 00:00:00 UTC ]
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