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: #emerson collective #$190 million #great opportunity

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A billionaire and a novelist offer two versions of tech's future. Who's right?

Where exactly is tech going? Joanne McNeil's debut novel 'Wrong Way' and billionaire Marc Andreessen's 'Techno-Optimist Manifesto' offer some clues. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-12-12 11:00:26 UTC ]
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Publishing Sales Up Just a Smidge Through First Nine Months of 2023

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[ Publishers Weekly | 2023-12-12 05:00:00 UTC ]
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Penguin Random House Acquires Hay House

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[ Publishers Weekly | 2023-12-12 05:00:00 UTC ]
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Naomi Alderman On Tech Billionaires as Today’s Villains

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[ Literrary Hub | 2023-12-07 09:06:54 UTC ]
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Fifth Circuit Hears Appeal of Texas Book Rating Law

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[ Publishers Weekly | 2023-11-29 05:00:00 UTC ]
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Appeal of Texas Book Rating Law Set for Oral Argument Tomorrow

After weeks of anticipation, the U.S. Court of Appeals for the Fifth Circuit will finally hear oral argument in the state’s appeal of judge Alan D. Albright’s August 31 decision to enjoin key provisions of HB 900. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-11-28 05:00:00 UTC ]
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Larry Hughes, Longtime William Morrow Chief, Dies at 98

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[ Publishers Weekly | 2023-11-28 05:00:00 UTC ]
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Audible Cyber Monday sale brings a Premium Plus membership down to $6 for the first four months

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[ Engadget | 2023-11-27 18:30:45 UTC ]
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Audible Premium Plus is only $6 for the first four months in an Amazon Black Friday deal

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[ Engadget | 2023-11-23 17:00:16 UTC ]
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Amicus Briefs Urge Appeals Court to Uphold Block on Texas Book Rating Law

With oral argument days away, some 17 organizations and individuals have teamed up to file six separate amicus briefs urging the U.S. Court of Appeals for the Fifth Circuit to uphold a lower court decision blocking key portions of Texas’s controversial book rating law. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-11-20 05:00:00 UTC ]
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[ Publishers Weekly | 2023-11-17 05:00:00 UTC ]
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[ Publishers Weekly | 2023-11-16 05:00:00 UTC ]
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Booksellers, Publishers Urge Appeals Court to Uphold Block on Texas Book Rating Law

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[ Publishers Weekly | 2023-11-14 05:00:00 UTC ]
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[ Publishers Weekly | 2023-11-09 05:00:00 UTC ]
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Stephanie Land on the Routine That Helped Her Write Her New Book in a Month

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[ Literrary Hub | 2023-11-07 09:50:56 UTC ]
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[ The New York Times | 2023-11-01 22:47:54 UTC ]
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In a 62-page filing, state attorneys say a district court judge made "substantive errors" in ordering HB 900 blocked, and urged the Fifth Circuit to overturn the order and dismiss the case. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-11-01 04:00:00 UTC ]
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