The deal, which sees the largest wholesaler and national distributor to American newsstands change hands, is expected to close by Dec. 31.
Articles by Greg Dool
The magazine won't say why it missed a settlement-mandated deadline to pay stiffed freelancers, but asserts that its debts will be settled by year's end.
Studio 90, offering digital strategy and content marketing to clients, will be led by IDG veteran Jeremy Rueb.
Richard Rivera, COO and CFO at EnsembleIQ, will take over as CEO, succeeding Ty Bobit.
"If we can help guide companies to improve the planet and help people, then that's a real win for us."
CEO Eric Thorkilsen on honoring the DIY brand's legacy and connecting with new audiences in the platform age.
Thai businessman Chatchaval Jiaravanon has purchased the brand as a personal investment; Alan Murray and Clifton Leaf will stay on as CEO and EIC.
The former SourceMedia and Wicks Business Information CEO on his latest b2b venture.
It's the sixth acquisition of 2018 for the Nashville-based b2b publisher.
Korry Stagnito is among those out at the b2b publisher as it aims to shed redundancy and reduce payroll.