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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By understanding our tastes and habits, Facebook could steal billions of dollars in ads from traditional media and get Madison Avenue out of the stone age.Facebook has never been a company lacking in foolish ambition--witness Facebook Home, Beacon, Places, and other monumental undertakings. But... Continue reading at Fast Company
[ Fast Company | 2014-01-25 00:00:00 UTC ]
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Gollancz has acquired a trilogy written by a 17-year-old girl, which will “appeal to both... Continue reading at The Bookseller
[ The Bookseller | 2014-01-24 00:00:00 UTC ]
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Franklin Watts has bought UK rights in Lucy Cooke’s New York Times bestselling title The... Continue reading at The Bookseller
[ The Bookseller | 2014-01-23 00:00:00 UTC ]
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Guardian, Observer and theguardian.com publisher to invest sale proceeds, thought to be £600m to £700m, in core businessGuardian Media Group is selling its 50.1% stake in Auto Trader owner Trader Media Group to private equity firm Apax Partners in a deal thought to be worth £600m to £700m to the... Continue reading at The Guardian
[ The Guardian | 2014-01-21 00:00:00 UTC ]
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The Hope Waddell Training Institution, a school in Nigeria founded in 1895 by Presbyterian missionaries, is laying claim to have set up Africa's oldest press. But could it be so?Hope Waddell, in Calabar, Cross River State, had a functioning printing press from 1903, initially to serve the school... Continue reading at The Guardian
[ The Guardian | 2014-01-20 00:00:00 UTC ]
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Doncaster’s council has put forward cost-cutting plans which could leave just four out of... Continue reading at The Bookseller
[ The Bookseller | 2014-01-17 00:00:00 UTC ]
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The fifth installment of Digital Book World, the annual New York City conference on digital publishing, was held last week. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-01-17 00:00:00 UTC ]
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F+W Media is expanding its verticals with its acquisition of New Track Media, a craft content and commerce company founded in 2006. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-01-17 00:00:00 UTC ]
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A new report by the Department for Culture, Media and Sport (DCMS) has shown that the publishing... Continue reading at The Bookseller
[ The Bookseller | 2014-01-15 00:00:00 UTC ]
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The 5th annual Digital Book World conference opened with a look back over those five years and the vast changes in book publishing wrought by the transition to digital media. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-01-15 00:00:00 UTC ]
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Australian publisher Allen & Unwin has bought a majority share in Atlantic Books, following a... Continue reading at The Bookseller
[ The Bookseller | 2014-01-14 00:00:00 UTC ]
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Emotional women's fiction, yet more psychological crime, talking-point business books and a... Continue reading at The Bookseller
[ The Bookseller | 2014-01-13 00:00:00 UTC ]
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Self-publishing sees traditional publishing as in denial about what readers want. But the problem isn't self-abnegation, it's capacity and mission. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2014-01-13 00:00:00 UTC ]
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Bonnier Books New Markets has made its first acquisition in Polish publishing house Marginesy.... Continue reading at The Bookseller
[ The Bookseller | 2014-01-10 00:00:00 UTC ]
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Rhondda Cynon Taf has approved budget plans that will see more than half of its 26 libraries... Continue reading at The Bookseller
[ The Bookseller | 2014-01-09 00:00:00 UTC ]
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Peters Fraser & Dunlop (PFD) has become a majority shareholder of authors’ agency... Continue reading at The Bookseller
[ The Bookseller | 2014-01-08 00:00:00 UTC ]
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Academy Chicago Publishers will become an imprint of Chicago Review Press and will expand its publishing program to 15-20 titles per year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-01-07 00:00:00 UTC ]
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Cookstr founder Will Schwalbe will stay on in an expanded role as v-p of editorial development and content innovation. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-01-06 00:00:00 UTC ]
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Tom Weldon, c.e.o. Penguin Random House UK Lessons from 2013 include: the shift to online sales... Continue reading at The Bookseller
[ The Bookseller | 2014-01-06 00:00:00 UTC ]
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Bookish, the struggling social network backed by three big five publishers, has been acquired by start-up online retailer, Zola Books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-01-06 00:00:00 UTC ]
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