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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With a large decline on the last day of the month, the Dow Jones Industrial Average fell 1.6% in July, and the overall market weakness contributed to a 3.6% decline for the Publishers Weekly Stock Index. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-08-01 00:00:00 UTC ]
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T he magazine industry has faced its fair share of hardships in recent years. The demise of Source Interlink has left newsstand inventory sparse and publishers reeling. The monetization of digital content remains enduringly elusive. And all... Continue reading at Publishing Executive
[ Publishing Executive | 2014-08-01 00:00:00 UTC ]
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London-based events producer and academic publisher Informa plc has agreed to acquire Virgo Publishing, pending regulatory approval. Terms weren't disclosed. Continue reading at Folio Magazine
[ Folio Magazine | 2014-07-30 00:00:00 UTC ]
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Orchard Books has acquired a new YA fantasy series from Melissa de la Cruz, author of the Blue... Continue reading at The Bookseller
[ The Bookseller | 2014-07-28 00:00:00 UTC ]
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How taking monotasking to an extreme can help you tackle ambitious projects.Every March, Randi Zuckerberg goes on a spring break. Last year she went to New York; the year before she went to Tokyo. But unlike your standard vacation, Zuckerberg, founder and CEO of Zuckerberg Media (and sister of... Continue reading at Fast Company
[ Fast Company | 2014-07-25 00:00:00 UTC ]
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Major book publishers such as Penguin Random House and HarperCollins are once again investing heavily in promotional materials for the five days of Comic-Con International: San Diego, held at the San Diego Convention Center. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-07-25 00:00:00 UTC ]
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Mighty Media Inc.,a Minneapolis packaging, production, and interactive company, has, as of July 1, made Scarletta, which publishes books primarily for the children's market, a division of Mighty Media. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-07-23 00:00:00 UTC ]
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Birmingham-based publisher Keen Communications announced that it has acquired most of the publishing assets of Nature Study Guides, a family-owned line of pocket-sized guides for field use. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-07-17 00:00:00 UTC ]
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InterMix, the digital-first imprint of Berkley/New American Library, has acquired "Tryst," a novel by Alex Rosa developed on Book Country, Penguin Random House’s online writing community. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-07-17 00:00:00 UTC ]
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Wattpad, an online writing and reading community, has acquired the Red Room, an online community originally described as a “Facebook for authors.” The site will be subsumed into Wattpad. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-07-08 00:00:00 UTC ]
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Orchard Books has acquired YA title The Witch of Salt & Storm, a book set in a late-1800s... Continue reading at The Bookseller
[ The Bookseller | 2014-06-30 00:00:00 UTC ]
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Schuler Books, a group of three bookstores in Michigan, is acquiring Nicola's Books in Ann Arbor. The sale will be finalized in mid-August. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-06-30 00:00:00 UTC ]
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The paper industry is stabilizing in the face of downward pressures, but things are more uncertain for the sectors serving the magazine market. As a whole, U.S. paper companies have seen sustained growth since 2009, with revenue slowly approaching where it had been before the recession. Continue reading at Folio Magazine
[ Folio Magazine | 2014-06-26 00:00:00 UTC ]
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Industry sales were just about flat in 2013, falling by less than 1%, to $27.01 billion, from $27.12 billion in 2012. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-06-26 00:00:00 UTC ]
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Mobile marketing startup SessionM, trying to prove its efforts can help spur sales, announced a partnership with Datalogix to measure the success of digital campaigns. SessionM says the partnership is the best way to show marketers that mobile is effective, which many question. Datalogix... Continue reading at AdWeek
[ AdWeek | 2014-06-25 00:00:00 UTC ]
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Report says publishers under heavy pressure to make damaging concessions including giving online retailer rights to print on demandBritish authors have condemned as "deeply worrying" reports that Amazon is now pressing for improved terms from publishers in the UK, as its showdown with Hachette... Continue reading at The Guardian
[ The Guardian | 2014-06-25 00:00:00 UTC ]
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On April 24, during an all-hands meeting at Gawker Media's SoHo headquarters, founder and publisher Nick Denton was extolling the virtues of Kinja, his proprietary publishing platform that allows readers to participate in the company's editor ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2014-06-23 00:00:00 UTC ]
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Egmont has acquired two YA titles from Kevin Brooks, the winner of the 2014 CILIP Carnegie Medal... Continue reading at The Bookseller
[ The Bookseller | 2014-06-23 00:00:00 UTC ]
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Now that pub date is here, indies have a chance to show that they can compete with Amazon. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-06-19 00:00:00 UTC ]
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Simon and Schuster Children’s Books has acquired the UK and Commonwealth rights to a YA... Continue reading at The Bookseller
[ The Bookseller | 2014-06-17 00:00:00 UTC ]
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