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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Survey Finds Publishers Have Concerns Over Paywalls Being Bypassed

Not being able to control access to content as users bypass the paywall is a major challenge facing publishers. This is according to new research carried out by MPP Global Solutions as part of its latest webinar on the future of digital publishing m ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2013-10-16 00:00:00 UTC ]
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Ether for Authors: Is It Time for Publishing to Call a Truce?

Porter Anderson looks at the Frankfurt Book Fair, at Sprint Beyond the Book and Book Sprints, at pen names, and more in Ether for Authors this week. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-10-15 00:00:00 UTC ]
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Digital Publishers Are Fighting the Shift to Programmatic

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[ Editor & Publisher | 2013-10-15 00:00:00 UTC ]
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Big Data Added $156 Billion in Revenue to Economy Last Year [Updated]

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[ AdWeek | 2013-10-14 00:00:00 UTC ]
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How Much is Too Much? Getting the Content Balance Right in Digital Publishing

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[ Editor & Publisher | 2013-10-14 00:00:00 UTC ]
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AMP Reissues Self-Published Book of Poems

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[ Publishers Weekly | 2013-10-13 00:00:00 UTC ]
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Publishing’s Leap of Faith

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[ Publishing Perspectives | 2013-10-11 00:00:00 UTC ]
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AUDIO: Morrissey book published as classic

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[ BBC World | 2013-10-11 00:00:00 UTC ]
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Frankfurt Book Fair 2013: HC Wins Self-Published Novel In Major Buy

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[ Publishers Weekly | 2013-10-10 00:00:00 UTC ]
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T-Mobile reportedly set to unveil global data plans with service in 100+ countries

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[ Engadget | 2013-10-10 00:00:00 UTC ]
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Frankfurt Book Fair 2013: What Is a Publisher Now?

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[ Publishers Weekly | 2013-10-09 00:00:00 UTC ]
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The PW Frankfurt Show Daily: Day 1, October 9, 2013

Get complete coverage of the Frankfurt Book Fair with the PW Frankfurt Show Daily. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-10-09 00:00:00 UTC ]
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A new analysis of ISBN data by Bowker found that the number of self-published books in 2012 rose 59% over 2011, growing to over 391,000 titles. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-10-09 00:00:00 UTC ]
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[ Publishing Perspectives | 2013-10-09 00:00:00 UTC ]
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[ Publishing Perspectives | 2013-10-09 00:00:00 UTC ]
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[ Publishing Perspectives | 2013-10-08 00:00:00 UTC ]
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Flipboard Hits 90 Million Users, Nearly Doubles Since April

Just two weeks after announcing a $50 million dollar round of funding, mobile news reader Flipboard revealed growth numbers that may explain investors' eagerness to get behind it.The company now claims 90 million users, a jump from the 85 million Flipboard CEO Mike McCue confirmed early last... Continue reading at Advertising Age

[ Advertising Age | 2013-10-08 00:00:00 UTC ]
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[ Publishers Weekly | 2013-10-07 00:00:00 UTC ]
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[ Editor & Publisher | 2013-10-07 00:00:00 UTC ]
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Magazines in 2013: It coulda been worse

For magazines in 2013, the year has been a case of glass half-full, glass half-empty: only 40 print titles folded during the first nine months, compared to 55 during the same period a year ago. But only 114 titles launched, compared to 155 during the first three quarters last year, according to... Continue reading at Crains New York

[ Crains New York | 2013-10-07 00:00:00 UTC ]
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