New Track Media owner BVK Holdings is expected to announce today its acquisition of CK Media, Primedia’s former crafts division, from private equity firm Sandler Capital Management.Financial terms of the deal were not disclosed.
Articles by Jason Fell
Ventura, California-based magazine publisher Miller Magazines Inc. has changed its name to JMiller Media.
Federal News Service, a Washington D.C.-based transcript service, filed a lawsuit against Congressional Quarterly and its parent companies—Florida’s Times Publishing Company and the Poynter Institute—alleging that the defendants, “through a series of anticompetitive acts and practices,” attempted to monopolize the transcript market and force FNS out of business.
Garden & Gun said Rosanna Giacalone Krekel is joining the magazine as executive director, Luxury Market. Krekel is owner of marketing advisory company La Vita E Bella and is a former Robb Report associate publisher.
Montreal-based magazine printing giant Quebecor World said Friday a New York bankruptcy court and Quebec’s Superior Court approved its plans of reorganization.
There were 129 Media Transactions in the first quarter of 2009, down 36 percent from the first quarter of 2008, according to media banker the Jordan, Edmiston Group. Deal values, meanwhile, plummeted 91 percent to a combined $1.3 billion.
In early June—a little less than six months after Christie Hefner, daughter of founder Hugh Hefner, stepped down after a 20-year run as CEO of Playboy Enterprises—the company appointed Scott Flanders as its new chief executive.The president and CEO of Irvine, California-based media company Freedom Communications, Flanders was to transition into his new role at Playboy on July 1.
Four editors asked for—and received—buyouts this week at Entrepreneur magazine. The editors include: research editor James Park, associate/copy editor Kim Orr, associate editor (listings) Allison Gergley and associate Web editor Elizabeth Wilson.
The U.S. government has asked a New York bankruptcy court to deny Quebecor World’s plan of reorganization because it releases third parties from environmental penalties and because the company owes unpaid taxes.
Another United Business Media group has undergone a reorganization resulting in layoffs.