Folio: Wire | 11.2.06
Siemens Receives $109.4 million Contract from USPS
The USPS awarded Siemens a $109.4 million contract modification for additional mail sorting equipment. The deal includes 211 Delivery Bar Code Sorter machines. Expected production and installation of the order is Dec. 1, 2007. Currently there are more than 2,000 in use by the USPS.
Symphony Publishing Launches New Jazz Title
JAZZed: The Jazz Educatior’s Magazine is the latest installment of music publications from Cleveland-based Symphony Publishing. Debuting with the October/November issue, the title will serve the 13,000 high school, college and independent jazz educators in the country. The magazine will initially be published six times per year with an official industry debut at the 2007 International Association of Jazz Educators convention in January.
MacAddict Transforms Into Mac|Life
Future US Inc.’s MacAddict will become Mac|Life starting with the February 2007 issue. The change, according to the company, is a result of the market’s evolution from a niche community of Mac "addicts" to one that includes all Apple technology users. The new version will offer an increased page count, larger trim size and heavier paper stock and will feature information on Macs, iPods and third-party hardware, software and services.
MacAddict editor-in-chief Rik Myslewski will take on the role as media producer for the newly-titled magazine, while Leslie Ayers, who has worked for such publications as PC Computing, Ziff-Davis Smart Business and Wired News will replace Myslewski.
Active Interest Media Buys Yachts Luxury Magazine
Active Interest Media Inc. has acquired Yachts magazine, a luxury yachting publication, adding another consumer enthusiast magazine title to Active Interest’s growing portfolio of magazines, consumer shows, books and Internet sites.
Yachts is a ten-year-old, bi-monthly publication with BPA-audited circulation of 49,000. Readers are typically owners of yachts 60 feet in length or more, and ranging upward in price from $2 million to well over $100 million dollars. The magazine has sister editions in France, Croatia, Italy, and Russia.
Active Interest also publishes American Cowboy, Southwest Art, Vegetarian Times, Better Nutrition, Log Home Design, Black Belt, Log Home Living, Timber Home Living, and Building Systems magazines. Last month, the publishing company, which was formed in October 2003 by Efrem "Skip" Zimbalist and the private equity investment firm Wind Point Partners, purchased Yoga Journal. It purchased Yachting Promotions Inc., a producer of five annual boat shows, in March of this year.
Zimbalist is a former CFO at Times Mirror Corporation and CEO of its Times Mirror Magazines subsidiary. Most of the former Times Mirror titles are now owned by Time Inc.’s Time4Media subsidiary, which is for sale. Zimbalist is a bidder on the Time4 titles.
Martha Stewart Reports Increases in Publishing Revenue, Income for Third Quarter
Martha Stewart Living Omnimedia Inc. reported increases in third quarter revenue across its publishing sector and overall business. The company’s overall revenue grew 48 percent in the third quarter to $61.1 million, up from $41.3 in the third quarter of 2005, while publishing revenue was up 32 percent to $36.3 million, from $27.6 million in the same period last year.
Operating income in publishing was $2.2 million for the quarter, up from a loss of $2.3 million last year. The increase in income was driven by a 75 percent increase in advertising revenue, the company said. Adjusted EBITDA was $2.9 million, compared to an adjusted EBITDA loss of $1.6 million in the third quarter of 2005. Overall, Martha Stewart Living Omnimedia reported an improved operating loss for the third quarter of $7.9 million, from $26.9 million a year ago.
Texas-Based Venture Capitalists Buy All Star Directories
Austin Ventures has acquired Seattle-based All Star Directories, a publisher of online education directories focusing on health care, art, business, teacher education, psychology, criminal justice, computer training and nursing. Terms of the deal were not disclosed.
All Star Directories and Austin, Texas-based, venture capital firm, Austin Ventures said in a join statement that current All Star president Doug Brown will remain in his post and continue to manage the company’s staff of 65 employees. DeSilva + Phillips, media investment bankers, advised All Star Directories.
Quark Hires New CEO
Quark Inc. announced Wednesday that Raymond Schiavone has been hired as the company’s new president and CEO. Schiavone replaces acting president Linda Chase, who will remain with the company as senior vice president of enterprise products.
Chase had been appointed interim president in June 2005 following the abrupt departure of then-CEO Kamar Aulakh. Aulakh had been in the top job for only 16 months.
Schiavone arrives from Arbortext, Inc., an enterprise publishing software developer, where he was president and CEO. Arbortext was purchased by Needham, Massachusetts-based PTC for a reported $190 million.
Quark, which launched version 7 of its page design application earlier this year, has been locked in a highly publicized rivalry with Adobe and its Creative Suite package. "Over the coming years, our customers will see us not only growing our product line, but also providing additional value through expanded strategic partnerships and focus on customer service and support," says Schiavone in a statement.
Chicago Publishing Company Acquires Venus Zine
Womens’ indie music and entertainment magazine Venus Zine, has been acquired by Venus Media LLC, a company formed to hold the entity. The magazine’s founder, Amy Schroeder, will continue her involvement with the magazine as editor-in-chief.
The new owners, Anne Brindle and Marci Sepulveda, who launched Chicago Agent and Miami Agent magazines, plan on increasing Venus Zine’s circulation and expanding and relaunching the Web site, whose traffic has tripled over the past year.
Blender Celebrates Best Ad Year Since Launch
In its most impressive advertising year in its over five year history, Dennis Publishing’s Blender magazine will have carried 796.95 ad pages for 2006, a 12.74 percent increase over 2005. Ad revenue will close the year at nearly $58,000, a 39 percent jump from 2005. The magazine credits publisher Lee Rosenbaum for its success, as well as a number of new advertisers across a variety of vertical markets.
Starmark Custom Publishing Teams Up with Sandals and Beaches Resorts
Marketing and communications agency, Starmark International, has created a quarterly title for Sandals Resorts. The company’s custom publishing division has launched Sandals Style, a lifestyle and loyalty title created exclusively for past guests of the resorts.