Palm Coast Data Sold to Irish Magazine Publisher for $1 Million, Plus Rent

Palm Coast Data (PCD), the Florida-based provider of subscription and ecommerce fulfillment services to magazine publishers including F+W Media, MotorTrend Group and New York Media, has been sold by former longtime owner AMREP Corp. in exchange for $1 million in cash. The buyer, Studio Membership Services LLC, is a newly formed subsidiary of Irish Studio LLC, the venture-backed, Dublin- and New York-based publisher and PCD client whose portfolio includes IrishCentral.com, Irish Tatler and Food & Wine Ireland, among other brands. Despite operating on both sides of the Atlantic, Studio Media Group signaled a commitment to keep PCD in Florida, signing a pair of 10-year leases to rent PCD's existing facilities from AMREP as part of the deal for a total annual rent that will start at $1.9 million and rise to $2.5 million by the 10th year. "This is a great outcome for Palm Coast Data, its employees, clients and the community," said PCD CEO Rory Burke, who will stay on after the acquisition and report to Irish Studio's co-CEOs, Ciaran Casey and Katie Molony. "Studio Media Group is a strategic buyer in that they are a media company with a stable of publications and a deep rooted history of operational excellence. They are committed to investing in PCD, bringing to bear capital resources and an acute understanding of the issues that face our clients." For AMREP, the sale means an exit from the media services business, a space it had operated in since its 1969 acquisition of... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2019-05-08 00:00:00 UTC ]
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Global Publishing Leaders 2017: Shueisha Publishing Co., Ltd.

Shueisha is a major publisher in Japan and the largest manga publisher in the world with a market share in Japan of 30%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-08-25 00:00:00 UTC ]
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Gulf Publishing Co. Acquires Century-Old Oildom Publishing

The Houston-based energy industry publisher makes its first major move since last year's management buyout. The post Gulf Publishing Co. Acquires Century-Old Oildom Publishing appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2017-05-03 00:00:00 UTC ]
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UK publishers apply for offices in Sharjah's Publishing City

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[ The Bookseller | 2017-04-27 00:00:00 UTC ]
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[ The Bookseller | 2017-02-02 00:00:00 UTC ]
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[ Publishing Perspectives | 2017-01-27 00:00:00 UTC ]
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Sevier Named Publisher of Grand Central Publishing

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Global Publishing Leaders 2016: Holtzbrinck Publishing Group

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[ Folio Magazine | 2016-06-21 00:00:00 UTC ]
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