Texas Monthly Acquired by Billionaire Oil Heiress Randa Duncan Williams

Less than three years after its acquisition by private equity firm Genesis Park, Texas Monthly is changing hands once again. The Austin-based regional magazine confirmed Tuesday that it's being purchased by billionaire oil heiress Randa Duncan Williams in a deal expected to close on June 30. Financial terms of the transaction have not been disclosed (Genesis Park and its founder, Paul Hobby, paid $25 million to acquire the magazine from Emmis Communications in 2016). "I have been an avid Texas Monthly reader since I was a teenager," said Williams, who serves as chairman of Houston-based Enterprise Products, the Fortune 500 oil pipeline company founded by her late father, Dan Duncan, in 1968. "My family is delighted to provide the resources to support this iconic Texas institution, which is nationally recognized for its editorial flair. The journalistic integrity and quality for which Texas Monthly is known will remain unchanged as we build upon what Genesis Park has done over the past two years." Williams will take over as chairman of Texas Monthly, LLC, a newly formed subsidiary of Enterprise Products, upon the sale's completion, which will mark the third ownership change in Texas Monthly's 46-year history. Founder Mike Levy owned it for 25 years before selling, in 1998, to Emmis Communications, which held onto the magazine for 18 years before divesting it and a number of other city and regional mags in late 2016 and early 2017. Genesis Park and Hobby, who took over... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2019-06-25 20:55:25 UTC ]
News tagged with: #$190 million #great opportunity

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Amazon Prime flaunts a monthly price tag, now offers streaming and two day shipping for $7.99 per month

Amazon Prime's trifecta of two-day shipping, instant media streaming and monthly Kindle book rentals just became a little more consumer friendly at a slightly higher price. As a Hacking Netflix reader recently noticed, Amazon is now inviting users to buy into Prime for $7.99 a month, bringing... Continue reading at Engadget

[ Engadget | 2012-11-06 00:00:00 UTC ]
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AIM Media Texas Announces Acquisition of Texas Newspapers from Freedom Communications

DALLAS, TX, May 18, 2012 – AIM Media Texas, LLC (“AIM” or the “Company”) announced today that it has reached agreement to acquire the Texas print and online newspaper publishing assets from Freedom Co ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-05-18 00:00:00 UTC ]
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Physical book sales slump 4% month-on-month

Written By: Philip Stone Publication Date: Mon, 05/09/2011 - 14:05 Spending on printed books slumped 4% in August, with sales plummeting to a seven-year low for the month, according to Nielsen BookScan data. A total of £107.5m spent on physical books at UK booksellers in the four weeks to 27th... Continue reading at The Bookseller

[ The Bookseller | 2011-09-05 00:00:00 UTC ]
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Canada's Valsoft Acquires Edelweiss, Expanding Role in Publishing

Montreal-based software company Valsoft Corporation has acquired Above the Treeline, Inc., developer of Edelweiss, the digital workflow platform for booksellers and publishers. The move follows Valsoft's majority stake purchase in publishing software Klopotek in August 2023. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-11-21 05:00:00 UTC ]
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Hachette Acquires Sterling Publishing from Barnes & Noble

Barnes & Noble acquired Sterling in 2003, and it was rebranded as Union Square & Co. in January 2022 at the direction of B&N CEO James Daunt. Emily Meehan will continue to head Union Square, which will become part of HBG's Grand Central Publishing Group. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-11-19 05:00:00 UTC ]
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Amazon Music Adds Monthly Audible Title Access to Subscription Service

As of today, subscribers to Amazon Music Unlimited in the U.S., UK, and Canada can now listen to one audiobook per month from Audible's catalog for free. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-11-19 05:00:00 UTC ]
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Historical Fiction for Native American Heritage Month

Which historical fiction novel featuring Native Americans are you picking up this month? Continue reading at Book Riot

[ Book Riot | 2024-11-13 11:00:00 UTC ]
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Penguin to Acquire Amber-Allen Publishing Backlist

Penguin Publishing Group will acquire the publishing assets of Amber-Allen Publishing, the independent publisher of personal development books. Upon completion of the deal, the list will be managed by the TarcherPerigee imprint. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-11-13 05:00:00 UTC ]
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McConaughey, Gladwell Headline 2024 Texas Book Festival

The Texas Book Festival returns to downtown Austin November 16-17, featuring more than 280 authors across some 220 sessions, including Matthew McConaughey and Malcolm Gladwell. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-11-08 05:00:00 UTC ]
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Texas Library Re-Classifies Nonfiction Native American History Book as Fiction: Book Censorship News, November 1, 2024

"We know from history that a way you control a nation is by controlling what its citizens read" — Jodi Picoult Continue reading at Book Riot

[ Book Riot | 2024-11-01 11:00:00 UTC ]
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University of Toronto Press Acquires Legas Publishing

University of Toronto Press has acquired Legas Publishing and its backlist of approximately 225 scholarly books on cultural studies, language arts, and social sciences. It is UTP's fourth acquisition in the past 12 months. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-10-22 04:00:00 UTC ]
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American author Joy Williams: ‘The comfy story has got to change’

The novelist and short story writer on her new book about Azrael, the angel of death, her encounters with Raymond Carver and Richard Yates, and why fiction should be uncannyJoy Williams, 80, has written five novels and four story collections and is the recipient of numerous awards. Her most... Continue reading at The Guardian

[ The Guardian | 2024-10-19 17:00:20 UTC ]
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Amazon Scores Highest Monthly Growth Among Streamers Thanks to Thursday Night Football, Rings of Power

The kickoff of the National Football League season was readily apparent in Nielsen's September Gauge report, with broadcast TV seeing a slight viewership bump, and streaming services with exclusive NFL games also seeing big gains. (THR) Per Nielsen data, Amazon received... Continue reading at AdWeek

[ AdWeek | 2024-10-16 11:57:00 UTC ]
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Tommy Robinson’s book went to No 1 on Amazon. This is what I learned from the reviews | Zoe Williams

The far-right activist’s Manifesto briefly topped the website’s chart. It is gone now, but the comments make for worrying readingIt’s always tempting to self-soothe when the far right is on the march. Tommy Robinson’s new book, Manifesto: Free Speech, Real Democracy, Peaceful Disobedience,... Continue reading at The Guardian

[ The Guardian | 2024-10-15 10:00:56 UTC ]
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Get three months of Audible for $3 this Prime Day

The deals are flying fast and furious this Prime Day, and there's plenty to be had from within Amazon's own ecosystem. Right now, you can snag three months of an Audible Premium Plus subscription for just a dollar a month. It's not quite as good a discount as it was earlier this year (free!),... Continue reading at Engadget

[ Engadget | 2024-10-08 19:11:31 UTC ]
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Adams’ schools chancellor to leave months earlier than planned

New York City Schools Chancellor David Banks will step down on Oct. 16, months earlier than he had previously planned to, City Hall disclosed late Wednesday.The unexpected move may deepen questions about the reasons for Banks’ departure, which comes after his phones were seized by federal agents... Continue reading at Crains New York

[ Crains New York | 2024-10-03 13:14:57 UTC ]
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Aspen Institute Teams with Book of the Month to Launch Literary Festival

The inaugural Aspen Literary Festival, slated for September 2025, will feature more than 40 authors in a multi-day celebration of books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-24 04:00:00 UTC ]
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6 New YA Releases to Enjoy for Latine/Hispanic Heritage Month, Plus YA Book News: September 19, 2024

Six 2024 YA releases that you'll want on your TBR for Hispanic/Latine Heritage Month. Continue reading at Book Riot

[ Book Riot | 2024-09-19 14:00:00 UTC ]
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Publishing Sales Saw Solid Six-Month Gains, Per AAP

According to AAP's StatShot program, industry sales were up 5.6% in the first half of 2024. Sales of adult titles rose 6.7%, but sales in the children's and young adult segment fell 2.7%. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-19 04:00:00 UTC ]
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Nine CEO Mike Sneesby quits after months of pressure over allegations of toxic culture

Departure comes after news director Darren Wick abruptly left in March and chairman Peter Costello resigned in JuneExit signs: a timeline of Nine Entertainment’s annus horribilisGet our breaking news email, free app or daily news podcastNine Entertainment’s chief executive, Mike Sneesby, will... Continue reading at The Guardian

[ The Guardian | 2024-09-11 23:32:56 UTC ]
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