GS Magazine, Cottages & Gardens Publications Sold
Pair of regional deals completed recently.
The regional magazine M&A market saw a small spike in activity last week as two acquisitions were finalized.
Charleston, South Carolina-based GulfStream Communications Wednesday purchased Grand Strand Magazine and its affiliated Web site from Charlston Communications. Financial terms of the deal were not disclosed.
Acquiring GS Magazine is a strategic fit for GulfStream, according to marketing and circulation director Misty Johnson, because it extends the companyâ€™s regional advertiser reach and reader base to the Grand Strand, South Carolina (Myrtle Beach) area.
Charlston Communications owner Pamela Charlston De Grood and the magazineâ€™s advertising director will remain with the 20,000-circ. title under GulfStream, the company said. Other staff transitions are currently being finalized, Johnson told FOLIO:.
GulfStream said GS and its Web site will undergo a redesign with the December/January issue, which is due to hit newsstands in early December. Gulfstreamâ€™s portfolio of regional titles includes Charleston magazine, Charleston Home, Charleston Wedding, WNC magazine and G, the Magazine of Greenville.
After Nine Years, Founder Sells Cottages & Gardens Publications
Further north in Connecticut, Cottages & Gardens Publications was sold by founder Richard Ekstract to Dulce Domum LLC. The group includes Hamptons Cottages & Gardens, Palm Beach Cottages & Gardens, Connecticut Cottages & Gardens and Westchester Cottages & Gardens.
Terms of the deal were not disclosed.
According to Cottages & Gardens Publications editorial director DJ Carey, the acquisition â€świll give us a new investment opportunity to expand our offerings to the affluent communities we currently serve â€¦ as well as prospective geographic areas for future growthâ€ť Carey will stay on as editorial director, reporting to Dulce Domum CEO Marianne Howatson.
Ekstractâ€”who created Consumer Electronics Monthly magazine in the early 1970sâ€”launched Cottages & Gardens Publications with Hamptons Cottages & Gardens magazine in 2000.