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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German publishers join collecting society to collect money from Google

Twelve German online news publishers have taken a 50 percent stake in collecting society VG Media, with the aim of receiving compensation from search engines that republish parts of news articles.Joining collecting society VG Media is the publishers’ first step toward collecting compensation... Continue reading at PC World

[ PC World | 2014-02-18 00:00:00 UTC ]
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JK Rowling to publish second novel as Robert Galbraith

The Silkworm focuses on killing of a vindictive novelist who has written character assassinations of his peersThe new novel from JK Rowling, written under her pseudonym Robert Galbraith, will feature a novelist who is brutally murdered after writing poison pen-portraits of nearly everyone he... Continue reading at The Guardian

[ The Guardian | 2014-02-17 00:00:00 UTC ]
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Fashion magazines reap the benefit of print – but there have to be enough ads

As new high-end glossy Porter launches, the appetite for digital versions of titles does not seem to have mass appealMagazine publishers see Thursday's ABC figures as a step forward. For the first time they managed to convince the bureau to add the circulation figures for their digital editions... Continue reading at The Guardian

[ The Guardian | 2014-02-16 00:00:00 UTC ]
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The beautiful magazines setting out to prove print isn't dead

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[ The Guardian | 2014-02-16 00:00:00 UTC ]
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Independent publishers evolve to survive - and thrive

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[ The Bookseller | 2014-02-14 00:00:00 UTC ]
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Egmont magazine sales up 5.7%

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[ The Bookseller | 2014-02-14 00:00:00 UTC ]
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Self-publishing: is it killing the mainstream?

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[ The Guardian | 2014-02-14 00:00:00 UTC ]
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Rakuten to buy Internet messaging app Viber for $900 million

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[ PC World | 2014-02-14 00:00:00 UTC ]
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Facebook Withdrawal: Viral Publishers See Traffic Plunge

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[ Digiday | 2014-02-14 00:00:00 UTC ]
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Canadian Publishers Adapting to Lower Loon

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[ Publishers Weekly | 2014-02-14 00:00:00 UTC ]
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Gadget magazine T3 is UK's most popular digital title

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[ The Guardian | 2014-02-14 00:00:00 UTC ]
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Will the Comcast-Time Warner Cable Merger Hurt Publishers?

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[ Digiday | 2014-02-14 00:00:00 UTC ]
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[ The Guardian | 2014-02-13 00:00:00 UTC ]
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[ The Guardian | 2014-02-13 00:00:00 UTC ]
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[ The Guardian | 2014-02-13 00:00:00 UTC ]
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[ The Guardian | 2014-02-13 00:00:00 UTC ]
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[ Publishers Weekly | 2014-02-12 00:00:00 UTC ]
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Action Lab: A Small Publisher Looking To Expand

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Digital Publishing: Live-Tweeting vs. Live-Blogging

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[ Editor & Publisher | 2014-02-12 00:00:00 UTC ]
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What is Google Newsstand and How Can Publishers Make the Most of It?

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[ Editor & Publisher | 2014-02-12 00:00:00 UTC ]
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