Veronis Suhler Stevenson
On Friday, Time Inc. will officially become a separate company, completing a spinoff from parent Time Warner that has been in the works for over a year. With a portfolio of more than 70 overseas and 23 domestic magazines - including Time, People and Sports Illustrated - Time Inc. has created a widely renowned publishing brand. But over the past decade, it has also suffered from an economic decline that reduced its revenues by 34% and cut its operating profit by 59%.
Southborough, MA -- For the seventh consecutive year, BPA Worldwide has audited an annual publishing industry survey conducted by Texterity -- now Godengo+Texterity following an acquisition last March.
Integrated media company Access Intelligence announced today the acquisition of LeadsCon, which serves the online lead generation industry through two preeminent conferences and other best-in-class content offerings for lead-generation marketers. With Access Intelligence’s existing stronghold in media, public relations and event marketing, this transaction extends the company’s position with service offerings focusing on customer acquisition through advanced marketing technologies and strategies.
Crain Communications Inc. announced Thursday that it has sold its American Trade Magazines unit to Charlie Thompson, who had been Vice president-publisher of the group. Financial terms of the deal were not disclosed.
Tom Kemp signed on as CEO of b-to-b travel media company Northstar Travel Media in January 2009, one of the most trying times in most publishing company's history.
Veronis Suhler Stevenson (VSS), a private equity firm that invests in the media, communications, information and education industries in North America and Europe, announced this week that it has entered into a relationship with William Cobert, former CEO of Canon Communications, to explore the acquisition of trade events, conferences, magazines and e-media businesses in the business-to-business media sector. Cobert is the founder and CEO of EBITDA Media, a private holding company for business-to-business media investments. Cobert and VSS have worked together in the past, as Canon Communications—a producer of print publications, trade shows and digital media—was a VSS portfolio company from 1996 to 2005.
The media and information industries set record marks for the number and value of deals transacted through the first half of 2007, according to The Jordan, Edmiston Group Inc. (JEGI), a New York-based investment banking firm. A record-high 399 transactions were announced totaling $76 billion through the year’s first six months, reports JEGI, which tracks deals across 11 media and information sectors. The deals’ total value exceeds value from the entire 12 months of 2006 ($60.6 billion) by 25 percent. Led by the $1.1 billion-plus acquisition of Advanstar by Veronis Suhler Stevenson, the business-to-business magazines sector surpassed 2006’s first-half levels by 14 percent in