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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Historian Weir's backlist to be published digitally

Written By: Charlotte Williams Publication Date: Mon, 04/04/2011 - 13:02 Cornerstone and Vintage are planning to release historian Alison Weir's backlist in ebook format for the first time. read more Continue reading at The Bookseller

[ The Bookseller | 2011-04-04 00:00:00 UTC ]
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Agents warn publishers over digital rates

Written By: Philip Jones and Charlotte Williams Publication Date: Fri, 01/04/2011 - 08:50 Literary agent Sonia Land has warned book publishers they will lose control over authors’ digital backlists unless they improve their royalty offer. Land this week announced her decision to publish 100 of... Continue reading at The Bookseller

[ The Bookseller | 2011-04-01 00:00:00 UTC ]
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"Promo Pages" On the Rise in Consumer Magazines

The number of "promo pages"-advertorial and other pages labeled as advertising or promotion but produced to resemble editorial and often carrying tags such as "Must-haves" and "Essentials"-grew 9 percent in MPA member magazines in 2010, according to ad tracker MagazineRadar. Continue reading at Folio Magazine

[ Folio Magazine | 2011-04-01 00:00:00 UTC ]
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Publishers "buoyant" at Bologna fair

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[ The Bookseller | 2011-04-01 00:00:00 UTC ]
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Sphere to publish Judy Finnigan

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[ The Bookseller | 2011-04-01 00:00:00 UTC ]
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Content Aggregator Zite Comes Under Fire From Publishers

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[ Folio Magazine | 2011-04-01 00:00:00 UTC ]
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Transworld to publish scratch and sniff title

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[ The Bookseller | 2011-04-01 00:00:00 UTC ]
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Fourth Estate to publish next Tan novel

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[ The Bookseller | 2011-03-30 00:00:00 UTC ]
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Profit up at Jonathan Goodman Publishing

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[ The Bookseller | 2011-03-28 00:00:00 UTC ]
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Desmond's magazine sale called Project Odyssey

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[ Media Week | 2011-03-28 00:00:00 UTC ]
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Amazon Appstore for Android Opens, Magazines Wait

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[ Folio Magazine | 2011-03-24 00:00:00 UTC ]
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Media Decoder: Self-Publisher Signs Four-Book Deal With St. Martin's

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[ The New York Times | 2011-03-24 00:00:00 UTC ]
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Stacey International and Capuchin relaunch as Stacey Publishing

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[ The Bookseller | 2011-03-24 00:00:00 UTC ]
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[ Slate | 2011-03-23 00:00:00 UTC ]
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Implementing a Mobile Strategy as an Independent Publisher

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[ Folio Magazine | 2011-03-23 00:00:00 UTC ]
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Trade publishers say ebook sales will not reach 10% until 2012

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[ The Bookseller | 2011-03-23 00:00:00 UTC ]
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ABC Board Changes Advertising Requirement for Digital Magazines

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[ Folio Magazine | 2011-03-22 00:00:00 UTC ]
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Dorchester Media Puts Remaining Magazines on the Block

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[ Folio Magazine | 2011-03-22 00:00:00 UTC ]
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[ The Bookseller | 2011-03-22 00:00:00 UTC ]
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[ Publishers Weekly | 2011-03-21 00:00:00 UTC ]
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