M&A Update: Haymarket Media Acquires DMNews
Haymarket Media Inc. has acquired DMNews from Courtenay Communications Corp. Both companies are privately held and based in New York. Details of the transaction were not disclosed.
DMNews’ print edition is a weekly tabloid with a circulation over 50,000. The sale includes DMNews.com, and six e-mail newsletters, including DMNews-iMarketing News Daily, DM News Hot List of the Day, DM News Whitepaper of the Day and three weeklies, which are delivered to over 35,000 individuals. The sale of DMNews includes the rights to another Courtenay magazine, iMarketing News, which was published from 1999 to 2002.
Haymarket Media publishes a dozen magazines covering the marketing, public relations, medical, elderly care and information securities businesses.
“We are very excited to have made this acquisition and to be working with Adrian Courtenay who knows this industry inside out,” says Haymarket Media CEO William Pecover. “DMNews is a perfect fit, not just next to our U.S. brands PRWeek and Medical Marketing & Media, but also alongside our direct and other marketing brands worldwide.”
Don’t miss a special M&A panel discussion featuring key executives from Reed, United Business Media and Apprise Media at the 2007 Publishing Executive Conference on Monday, March 5 at 2:30 p.m. at New York’s Marriott Marquis. Visit http://www.PubXpo.com for more information.