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 ]
News tagged with: #10th year #great outcome #sale means

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Independent bookstores and self-published authors are increasingly teaming up

Previously, independent bookstores tended to stay away from marketing self-published authors, but in the age of Amazon, some are embracing local authors no matter how they released their work. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2013-12-17 00:00:00 UTC ]
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Apollinaire publisher on trial in Turkey

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[ The Guardian | 2013-12-16 00:00:00 UTC ]
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“The Majority Do Not Know What Publishers Actually Do”

The 2013 PA International Conference in London lamented the general lack of appreciation for the role of publishers and lauded the revival of indie booksellers. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-12-16 00:00:00 UTC ]
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Irish literature gets €150,000 boost with laureate award

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[ The Guardian | 2013-12-16 00:00:00 UTC ]
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Reddit Draws Readers, Authors, Publishers

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[ Publishers Weekly | 2013-12-13 00:00:00 UTC ]
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When will publishers wake up to the challenge of Amazon?

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[ The Guardian | 2013-12-13 00:00:00 UTC ]
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FEP records 2012 publisher revenue decline

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[ The Bookseller | 2013-12-13 00:00:00 UTC ]
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Hearst Magazines Digital Chief Troy Young Discusses Finding Great Editors

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[ AdWeek | 2013-12-13 00:00:00 UTC ]
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Pocket Reveals Top Stories, Publishers of 2013

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[ Folio Magazine | 2013-12-12 00:00:00 UTC ]
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Choc Lit deal for self-published author

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[ The Bookseller | 2013-12-12 00:00:00 UTC ]
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[ PC World | 2013-12-12 00:00:00 UTC ]
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[ AllThingsD | 2013-12-11 00:00:00 UTC ]
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Riggio Sells 2 Million B&N Shares

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[ Publishers Weekly | 2013-12-11 00:00:00 UTC ]
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Paywalls Boost Ad Rates for Some Magazines and Newspapers, OPA Study Finds

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[ Advertising Age | 2013-12-11 00:00:00 UTC ]
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[ Baltimore Sun | 2013-12-10 00:00:00 UTC ]
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[ AllThingsD | 2013-12-10 00:00:00 UTC ]
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[ The Christian Science Monitor | 2013-12-10 00:00:00 UTC ]
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Reading the New York Times Magazine isn't what it used to be | Michael Wolff

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[ The Guardian | 2013-12-09 00:00:00 UTC ]
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