Charlotte, N.C.-based private equity firm Falfurrias Capital Partners has acquired a majority stake in Industry Dive, the seven-year-old B2B media company whose online verticals span 19 different sectors including banking, construction, retail and supply chain. Contacted via email, Industry Dive co-founder and CEO Sean Griffey said neither side is sharing the financial terms of the transaction, but that the company plans to use the influx of funding to expand into additional markets, both through new launches and acquisitions, and to invest in its journalism. With revenues have more than quadrupled since 2015 to $22 million as of last year, the company hired eight additional editors and reporters a month ago when it launched its 19th vertical, CFO Dive, bringing the total newsroom headcount to 72. "We were attracted to Falfurrias because they shared our vision for the future," Griffey tells Folio:. "From the very first meeting, they highlighted their belief in the importance of high-quality, independent journalism to grow media companies. That resonated with the team here. We've had opportunities in the past but never felt that we had a partner who so closely aligned with our vision and values before." As a result of the deal, Falfurrias will gain two seats on Industry Dive's board of directors, but the company will continue to be led by Griffey and his two co-founders, CTO Eli Dickinson and CRO Ryan Willumson. Industry Dive isn't sharing which markets, specifically, it... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2019-09-05 16:26:03 UTC ]
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Independent publisher Nosy Crow has acquired 10 new titles from the award-winning author and schoolteacher Pamela Butchart. Continue reading at The Bookseller
[ The Bookseller | 2020-03-17 11:26:59 UTC ]
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Three prominent bookstores, McNally Jackson in New York City, Powell's Books in Portland, Ore., and Busboys and Poets in Washington, D.C., have together laid off more than 600 employees as a result of the coronavirus crisis. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-17 04:00:00 UTC ]
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Three prominent bookstores, McNally Jackson in New York City, Powell's Books in Portland, Ore., and Busboys and Poets in Washington, D.C., have together laid off more than 600 employees as a result of the coronavirus crisis. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-17 04:00:00 UTC ]
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Sales of adult trade books fell 2.7% in 2019 compared to 2018, while sales in the children/young adult segment rose 6.8%, according to AAP’s StatShot program. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-03-14 04:00:00 UTC ]
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Wildfire has acquired an authoratative and accessible narrative history, The Persians, by Lloyd Llewellyn-Jones in a "major" deal. Continue reading at The Bookseller
[ The Bookseller | 2020-03-13 12:24:56 UTC ]
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Something more than a little unsettling dawned on me the other day: I’ve spent five decades in and around the magazine business, all on the editorial side. Half a century! How did that happen? Well, to borrow a phrase from master lyricist Paul McCartney, it’s been a long and winding road.... Continue reading at Folio Magazine
[ Folio Magazine | 2020-03-09 20:25:47 UTC ]
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Granta has acquired an “urgent” exploration of Donald Trump’s presidency by New Yorker journalist Masha Gessen. Continue reading at The Bookseller
[ The Bookseller | 2020-03-05 21:48:24 UTC ]
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Seven Dials has acquired the "explosive" story an ordinary man who went to Syria as an international volunteer to fight alongside the Kurdish YPG against ISIS. Continue reading at The Bookseller
[ The Bookseller | 2020-03-04 14:20:59 UTC ]
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Yesterday, Grand Central Publishing, an imprint of Hachette Book Group, announced that they would be publishing Woody Allen’s memoir, Apropos of Nothing, a book we all once thought would never see the light of day, considering his history of sexual misconduct. The news, as we noted yesterday,... Continue reading at Literrary Hub
[ Literrary Hub | 2020-03-04 11:40:05 UTC ]
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London Book Fair has been cancelled in the wake of the coronavirus outbreak, hours after major publishers said they would not attend. Continue reading at The Bookseller
[ The Bookseller | 2020-03-04 06:57:39 UTC ]
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Seattle magazine is coming home. The 54 year-old monthly has been acquired by local entrepreneur Jonathan Sposato, co-founder and chairman of the tech site GeekWire.com and the online photo editing service PicMonkey, he announced Monday. Terms of the deal were not disclosed. The seller,... Continue reading at Folio Magazine
[ Folio Magazine | 2020-03-02 22:55:02 UTC ]
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There’s no bigger global news story right now than the slow but intractable spread of coronavirus, which has been hobbling the normal ebb and flow of everything from the stock market to cruises, theme parks and tourism. The virus has affected the publishing industry as well, and there’s perhaps... Continue reading at Literrary Hub
[ Literrary Hub | 2020-02-26 17:39:37 UTC ]
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Independent publisher Riverdale Avenue Books has acquired the assets of Circlet Press, an independent small press focused on science-fiction and fantasy works with sex-positive erotic themes. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-26 05:00:00 UTC ]
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Pearson’s 25% stake in Penguin Random House earned the company £65 million in operating profit in 2019. Pearson has sold its 25% share of PRH to Bertelsmann in a deal expected to generated net proceeds of $675 million when the transaction closes. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-21 05:00:00 UTC ]
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Longtime Christian publishing executives David Moberg and Byron Williamson are starting a consulting firm, Moberg | Williamson Consulting, which will serve mass media clients including publishers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-02-21 05:00:00 UTC ]
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Industry Notes: Italy's teen cultural bonus is refunded for 2020. International publishing events grapple with exhibitor, attendee worries about COVID-19. The post Industry Notes: Italy’s 18App Is Funded; International Book Fairs Eye COVID-19 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-02-20 20:18:40 UTC ]
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Penguin Random House Children's is publishing Breathless, a new "personal" and "achingly romantic" YA novel by Jennifer Niven, in paperback this autumn. Continue reading at The Bookseller
[ The Bookseller | 2020-02-19 14:05:27 UTC ]
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The "American Dirt" uproar is prompting the book industry to review, reenforce, and revamp plans to become more diverse and inclusive. The publishing industry is predominantly run by white women, according to a new study. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-02-12 17:29:22 UTC ]
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The "American Dirt" uproar is prompting the book industry to review, reenforce, and revamp plans to become more diverse and inclusive. The publishing industry is predominantly run by white women, according to a new study. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-02-12 17:29:22 UTC ]
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Children’s book publisher Lee & Low Books, a minority-owned company that focuses on multicultural literature, recently released the results of a survey geared towards finding out one thing: What do the numbers say about the widely perceived lack of diversity in the publishing world? The... Continue reading at Literrary Hub
[ Literrary Hub | 2020-01-29 21:40:46 UTC ]
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