buyer: Questex Media, Audax Group | seller: Advanstar Communications | price: $185 million | date: April takeaway: The Questex spin-off gives neglected properties a chance to shine, if its new owners are willing to commit to developing them.
Articles by FOLIO: Magazine Staff
buyer: Wasserstein & Co. | seller: Primedia Business, Kohlberg Kravis Roberts | price: $385 million | date: August takeaway: Primedia's sale of its business division left the shrinking company with only its top breadwinners;enthusiast and consumer guides. Freshly renamed Prism Business Media gives Wasserstein, now a major publishing player, an instant platform for bolt-on deals.
The Movers and Shakers Even for those who perennially claim the upcoming year will be "the best yet for media M&As," 2005 was a pleasant surprise. The Jordan, Edmiston Group tallied 33 consumer-magazine deals, worth $2.47 billion, in 2005, while b-to-b magazine deals numbered 43, worth $2.4 billion. Apprise Media's Charles McCurdy and Michael Behringer were among the busiest.
buyer: ABRY Partners | seller: F+W Publications | price: $500 million| date: August takeaway: By going to court and seeking to rescind the deal in November, ABRY risks a long and potentially embarrassing public ordeal.
buyer: Apprise Media | seller: Beckett, Canon, CFW Enterprises, Y-Visionary | price (combined): $270 million est.| date: January (Beckett), April (Canon), August (CFW), September (Y-Visionary)
buyer: Meredith Corp. and Joe Mansueto | seller: Gruner + Jahr USA | price: $350 million for Meredith; $35 million est. for Mansueto | date: May/June
buyer: PlanetOut | seller: LPI Media | price: $31 million| date: November takeaway: An online media company looks to print to double its revenue and set the stage for future growth.
Hearst magazines president Cathleen Black and National Review founder William F. Buckley Jr. collected Lifetime Achievement awards from the Magazine Publishers of America and American Society of Magazine Editors Wednesday night in New York.
q: Is there a need for a new RFP format? a: I suppose that depends on the agencies, but within ABM, the publishers felt there was a definite need to elicit information that was critical to help them put together a better response for an RFP. We had a lot of conversations about that at the ABM media advisory board. I was stunned at the lack of info these guys were getting.