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 ]
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Google's got an ad exchange. So does Facebook. Twitter is said to be working on one too. But in the meantime, the company has just purchased MoPub, a burgeoning mobile ad exchange business. Terms of the deal were not disclosed. MoPub has built an ad exchange through which mobile publishers... Continue reading at AdWeek
[ AdWeek | 2013-09-10 00:00:00 UTC ]
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Storify, a digital storytelling tool used by journalists to surface conversations that originate on social media, has been acquired by the Web publishing services company Livefyre. Livefyre plans to fold Storify into its StreamHub product, which offers Web publishers tools for commenting, live... Continue reading at AdWeek
[ AdWeek | 2013-09-09 00:00:00 UTC ]
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Livefyre, a provider of comment-hosting tools for online publishers that has been expanding into other areas of social content, has agreed to acquire Storify — a service that allows users to curate conversations from Twitter, ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-09-09 00:00:00 UTC ]
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Whether for movies, music, or magazines, the all–access model has proven it's here to stay. Now, what Spotify has done for music and Netflix has done for movies, a startup called Oyster is trying to do for that most analog of relics: the book. The basic premise of Oyster's invite–only iPhone... Continue reading at Fast Company
[ Fast Company | 2013-09-06 00:00:00 UTC ]
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Can a Spotify-like service created by ex-Googlers shake up the publishing industry? Continue reading at Wired
[ Wired | 2013-09-05 00:00:00 UTC ]
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Bloomsbury has acquired legal publisher Hart Publishing for £6.5m. The addition of Hart... Continue reading at The Bookseller
[ The Bookseller | 2013-09-02 00:00:00 UTC ]
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Although the growth of ebook sales has slowed in the first six months of 2013, there were still enough gains to largely mitigate the decline in print sales. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-08-30 00:00:00 UTC ]
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Literary fans know William T. Vollmann as a National Book Award-winning author; the FBI knew him as Unabomber suspect S-2047.Literary fans know William T. Vollmann as a National Book Award-winning author; the FBI knew him as Unabomber suspect S-2047. Continue reading at Los Angeles Times
[ Los Angeles Times | 2013-08-22 00:00:00 UTC ]
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Virgin Books has bought What the F**k is Normal?, a first book by comedian Francesca Martinez.... Continue reading at The Bookseller
[ The Bookseller | 2013-08-21 00:00:00 UTC ]
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The Alesco Group is expanding with the acquisition of Statlistics, a Connecticut-based list management and brokerage firm. Earlier this year Statlistics announced a merger with Chicago-based data services provider Exact Data, but that deal fell through. Continue reading at Folio Magazine
[ Folio Magazine | 2013-08-09 00:00:00 UTC ]
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Fourth Estate has signed a new novel from American author David Gilbert. His novel, & Sons... Continue reading at The Bookseller
[ The Bookseller | 2013-08-08 00:00:00 UTC ]
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China's Douban is experimenting with crowdsourced translations of English literature, including SF and short stories by David Mitchell. Can it help authors enter the market? Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-08-07 00:00:00 UTC ]
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Amazon Publishing senior acquisitions editor Emily Marneur has made her first two acquisitions... Continue reading at The Bookseller
[ The Bookseller | 2013-08-06 00:00:00 UTC ]
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Watkins Publishing has promoted Grace Cheetham to the role of publisher, food and drink, for the... Continue reading at The Bookseller
[ The Bookseller | 2013-07-31 00:00:00 UTC ]
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The Bookseller is to publish a monthly ebook ranking with sales figures supplied by all the... Continue reading at The Bookseller
[ The Bookseller | 2013-07-25 00:00:00 UTC ]
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William Lynch has resigned as CEO of Barnes and Noble, while Michael Huseby has been appointed CEO of NOOK Media LLC. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-07-09 00:00:00 UTC ]
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The Publishers Weekly Stock Index rose 12.8% in the first six months of 2013, just slightly below the 13.8% increase posted by the Dow Jones Industrial Average in the January-to-June period. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-07-06 00:00:00 UTC ]
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Williams' Book Store is considered by some to be the oldest continuously operating bookstore in Los Angeles. It stands to be the latest casualty in a business that has been moving increasingly online.As a little girl, Anne Gusha walked into and was charmed by Williams' Book Store in San Pedro.... Continue reading at Los Angeles Times
[ Los Angeles Times | 2013-07-03 00:00:00 UTC ]
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Amazon.com's Kindle e-reader has dominated the competition in Japan since its launch last year, according to new research, showing the company's low pricing and powerful brand may have overcome its late entrance into the market. The Kindle accounted for 38.3 percent of the e-reader market in... Continue reading at PC World
[ PC World | 2013-07-02 00:00:00 UTC ]
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Caffeine Nights Publishing has acquired more than 30 titles in the backlist of horror writer... Continue reading at The Bookseller
[ The Bookseller | 2013-06-10 00:00:00 UTC ]
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