Fry Communications, Inc. won seven awards in the 21st Annual Gold Ink Awards Competition, a competition co-sponsored by industry magazines Publishing Executive and Printing Impressions.
Commonwealth Business Media
I’ve said this before, but it seems that every day, new configurations of content blur the lines of media. The TV-radio-Internet-magazine-advertising world has become one big, fuzzy conglomeration. Television producers and characters/actors are blogging online. Magazine and newspaper editors and reporters are doing live video coverage, voice-overs and video editing. Television and radio news stations are putting news stories online. Magazines have television shows (and in this issue, you can read about how Essence magazine created the first-ever online reality dating show), and television shows have magazines (e.g., “Lost”). New business models are being tested (Paste magazine’s use of a “Pay What You Want”
As publishers learn how best to position themselves and their products in the digital era, one of the most important realizations has been that new publishing formats can and should complement, rather than compete with, each other. Leading the way into this new paradigm has been the revenue-generating possibilities of rich data (also called business-intelligence applications)—the repurposing/restructuring of content/data that allows companies to use existing expertise and assets to draw existing online audiences back again and again, reach new audiences and realize explosive revenue growth. With the rise of rich data has come a number of disparate applications tailored to the needs of
Despite economic concerns highlighted by a slowdown in the housing market, merger and acquisition activity in the media and information industry remained steady through the first three quarters of 2006. Magazine publishers in both the consumer and business-to-business sectors have been especially busy, according to M&A firm The Jordan Edmiston Group Inc. (JEGI), recording 37 and 28 transactions, respectively, through September of this year. Most recently, the blockbuster acquisition of Penton Media Inc. by Prism Business Media Inc. sent waves through the industry. Earlier this year, Commonwealth Business Media was sold to United Business Media ($152 million) and Wenner Media acquired Walt Disney’s
Managing Director Richard Mead at The Jordan, Edmiston Group Inc. (JEGI)—an M&A firm that serves the media and information industries—says his company has kept busy this year with an active market. He says he expects that trend to continue, and that JEGI’s pipeline remains as promising as ever. In this one-on-one interview with Publishing Executive, he discusses the importance of an accurate projection of growth for a potential acquisition and proper strategic positioning by a prospective seller. What is your assessment of the current state of the M&A market for the publishing industry? Richard Mead: The current M&A market is very buoyant, continuing a trend