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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Amazon to Acquire U.K. Online Book Seller and Publisher

Amazon.com has acquired The Book Depository International, a seven-year old online bookseller based in the UK, which also republishes titles that are no longer in print or poorly available. Continue reading at AllThingsD

[ AllThingsD | 2011-07-05 00:00:00 UTC ]
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Publishers urged to follow Compass' lead

Written By: Charlotte Williams Publication Date: Mon, 04/07/2011 - 08:36 Pan Macmillan will be offering "enhanced rates" on the titles it publishes under its new digital-only imprint, with agents welcoming the initiative and urging publishers to pursue similar projects. read more Continue reading at The Bookseller

[ The Bookseller | 2011-07-04 00:00:00 UTC ]
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Global Publishing: Staying Put

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[ Publishers Weekly | 2011-07-01 00:00:00 UTC ]
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Faber to publish Jarvis Cocker's lyrics

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[ The Bookseller | 2011-06-30 00:00:00 UTC ]
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Harvill Secker to publish death row lawyer memoir

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[ The Bookseller | 2011-06-30 00:00:00 UTC ]
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Marie Claire publisher claims new technology boosts newsletter subs 60% in a year

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[ Media Week | 2011-06-30 00:00:00 UTC ]
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Media Decoder: Conrad Black, Still in Prison, Finds Publisher for Memoir

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[ The New York Times | 2011-06-30 00:00:00 UTC ]
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Obama's agents move into e-publishing

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[ The Bookseller | 2011-06-29 00:00:00 UTC ]
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Publishing Vet Opens Oakland-based Speakers Bureau

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[ Publishers Weekly | 2011-06-28 00:00:00 UTC ]
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American Media, Inc. Buys OK! Magazine

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[ Folio Magazine | 2011-06-23 00:00:00 UTC ]
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Cox dubs agents who publish "foxes in hen house"

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[ The Bookseller | 2011-06-22 00:00:00 UTC ]
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Makinson confident as publishers face digital "flux"

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[ The Bookseller | 2011-06-22 00:00:00 UTC ]
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Vintage Publishing launches Nigella ebooks

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[ The Bookseller | 2011-06-22 00:00:00 UTC ]
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Ladybird to publish Hello Kitty

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[ The Bookseller | 2011-06-21 00:00:00 UTC ]
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[ PC World | 2011-06-18 00:00:00 UTC ]
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[ The Bookseller | 2011-06-17 00:00:00 UTC ]
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Century to publish Skinner's Times columns

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[ The Bookseller | 2011-06-17 00:00:00 UTC ]
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[ The Bookseller | 2011-06-16 00:00:00 UTC ]
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[ Folio Magazine | 2011-06-16 00:00:00 UTC ]
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Prevention Magazine Grows a Digital Network

Prevention magazine's new digital advertising network of niche health sites, dubbed the Healthy Living Group, is now in full swing since its May launch, with about 12 million monthly unique visiting the 35 sites in the network. The digital network is also now ranked 11th in the health category,... Continue reading at Folio Magazine

[ Folio Magazine | 2011-06-16 00:00:00 UTC ]
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