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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Cupcake Digital, a developer of enhanced ebook apps sold through the major app distributors, has purchased zuuka, developer of the iStorytime library app featuring narrated children’s storybooks. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-13 00:00:00 UTC ]
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Both the Publishers Weekly Stock Index and the Dow Jones Industrial Average rebounded in February after being down in January. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-07 00:00:00 UTC ]
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Flipboard, an app that displays digital media in magazine-like form on tablets, is acquiring one of its smaller competitors, Zite, for a reported $60 million.As part of the deal, Flipboard will get direct access to all CNN content, including video, as well as CNN personalities like Fareed... Continue reading at Advertising Age
[ Advertising Age | 2014-03-05 00:00:00 UTC ]
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The startup that lets patients book appointments with doctors online will cover all of the lower 48.ZocDoc, a service that lets patients book appointments with doctors online, announced Wednesday it is expanding from 2,000 cities and towns--roughly 40% of the country's population--to cover the... Continue reading at Fast Company
[ Fast Company | 2014-03-05 00:00:00 UTC ]
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This essay is excerpted from The Meat Racket: The Secret Takeover of America’s Food Business, by Christopher Leonard, published by Simon & Schuster. Continue reading at Slate
[ Slate | 2014-03-04 00:00:00 UTC ]
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This essay is excerpted from The Meat Racket: The Secret Takeover of America’s Food Business, by Christopher Leonard, published by Simon & Schuster. Read another excerpt from The Meat Racket, about how Tyson keeps chicken prices high. Continue reading at Slate
[ Slate | 2014-03-04 00:00:00 UTC ]
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Academic e-textbook platform CourseSmart has been acquired by Ingram Content Group’s Vital... Continue reading at The Bookseller
[ The Bookseller | 2014-03-03 00:00:00 UTC ]
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Chalice Press has acquired a book by United Methodist pastor Frank Shaefer, who was defrocked in December for officiating at his gay son’s marriage six years ago. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-03 00:00:00 UTC ]
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The acquisition gives users of TeachersNotebook.com exposure to OverDrive’s network of schools and libraries. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-03-03 00:00:00 UTC ]
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Thirty-eight stores earned a spot on the regional shortlists and are in the running to be The... Continue reading at The Bookseller
[ The Bookseller | 2014-02-27 00:00:00 UTC ]
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IPPR report calls for advertising, film and TV to support businesses outside London and to help develop non-white talentThe UK's creative industries need to embrace regional and ethnic diversity if they are to play an improved role in helping the economy, warns a report from a leading... Continue reading at The Guardian
[ The Guardian | 2014-02-24 00:00:00 UTC ]
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Vook, a digital publishing and distribution platform, has acquired Booklr, a real-time data and analytics service for authors and publishers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-24 00:00:00 UTC ]
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The private investment firm G Asset Management has made a proposal to buy a 51% stake in Barnes & Nobles in a deal valuing the company at $22 per share. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-21 00:00:00 UTC ]
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Sheffield City Council has approved plans to slash its library funding and leave only 12 of its... Continue reading at The Bookseller
[ The Bookseller | 2014-02-20 00:00:00 UTC ]
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Kotobi.com, a major new Arabic ebookstore launched at this year's Cairo Book Fair, has potential to be a gamechanger for publishing in the region. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2014-02-20 00:00:00 UTC ]
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Got growth problems? Here's one way to solve it: advertising.Growth is a top-of-mind concern for Twitter and it appears app install ads are part of the strategy. In this case, a beautiful, magazine-like placement running in Flipboard this week for its six-second looping video app Vine.Digital ad... Continue reading at Advertising Age
[ Advertising Age | 2014-02-12 00:00:00 UTC ]
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Ziff Davis CEO Vivek Shah was named as the new chairman of the Interactive Advertising Bureau tonight. And he started his tenure by immediately taking the industry to task for letting bad traffic perpetuate—taking particular aim at digital media buyers. During a blunt keynote address at the IAB... Continue reading at AdWeek
[ AdWeek | 2014-02-10 00:00:00 UTC ]
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Open Road Integrated Media has signed an agreement to acquire E-Reads, the digital publisher founded by Richard Curtis in 1999. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-10 00:00:00 UTC ]
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The U.S. Supreme Court has said it will weigh in on the constitutionality of a provision in the U.S. Affordable Care Act requiring most for-profit companies to offer insurance coverage for birth control to their employees. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-02-07 00:00:00 UTC ]
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21st Century Fox on Friday announced it would take a controlling stake in YES Network, upping its of Yankees Entertainment and Sports (YES) Network, raising its ownership position in the RSN to 80 percent. The media conglomerate originally assumed a 49 percent stake in YES in November 2012,... Continue reading at AdWeek
[ AdWeek | 2014-01-25 00:00:00 UTC ]
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