Earnings growth driven by purchase of Gruner + Jahr titles. Meredith Corporation, publisher of 25 magazines including Better Homes and Gardens, reported in a 10K filing this week an increase in both operating profit and revenue for the company's 2006 fiscal year, which ended on June 30.
Articles by Marrecca Fiore
House & Garden to Increase Rate Base in 2007 Conde Nast design title House & Garden plans to raise its rate base from 900,000 to 950,000 beginnig with the January 2007 issue. This is the magazine's 10th rate base increase in 10 years.
The Action Pursuit Group, an operating company of Apprise Enthusiast Media, has acquired Action Media Operating, a provider of events and online media properties serving the tuner and sports compact performance market.
BusinessWeek has launched a mobile edition of its publication, which will be available free-of-charge at Businessweek.mobi, the magazine announced this week in a news release. Microsoft Windows Mobile will serve as the mobile product's exclusive on-screen advertiser for the remainder of 2006.
JD Events will acquire the trade show assets of NetWorld Alliance, the two announced in a statement today. The price of the acquisition and terms of the agreement were not disclosed.
Advertising Specialty Institute, an organization serving the advertising specialty industry, announced today that it has acquired Modern Uniforms, Stitches and Wearables Business magazines, Web sites and other assets from Prism Business Media Inc.
Banta Corporation said Thursday it is reviewing an offer made this week by Cenveo Inc. to buy Banta and will respond to the offer "as appropriate" and "in due course."
Yoga Journal Increases Frequency, Rate Base
HSR Business to Business took the top honor at American Business Media's 11th annual Creative Excellence in Business Advertising (CEBA) awards Wednesday evening at Jazz at Lincoln Center.
Last week, Banta Corporation announced in a SEC filing that the company is reorganizing to consolidate its five printing divisions into two and plans to either sell or close five of its printing facilities that are either not meeting profitability expectations or can be consolidated into other Banta operations.