Media Fortune Fame & Folly

Crain buys GenomeWeb

Crain Communications Inc, of the US, has bought (for an undisclosed price) the New York-based GenomeWeb (GW), an online news service for scientists and tech professionals working in molecular biology and diagnostics. GW was launched as a newsletter and magazine publisher in 1997 by Dennis Waters (co-founder of what became the Risk Waters information and events company). It now has a staff of 30.

The acquisition expands Crain’s portfolio in science and health which includes Modern Healthcare. The family-owned Crain has 24 business and professional brands across local business, automotive, plastics and rubber and finance including: Automotive News, Autoweek, Advertising Age, and Plastics News. It claims a total audience of some 6m reader-users, principally in the US but also in Europe and Asia.

The 102-year-old Detroit-based company has estimated revenues of some $200m and employs 800 people.

Crain also announced this week it was joining forces with Messe Frankfurt to launch Festival of Motoring USA in Atlanta, Georgia on April 29-May 2021. The event will be modelled on Messe Frankfurt’s successful Festival of Motoring in Johannesburg which is said to be the leading automotive event in Africa and features self-drive tracks and test drive circuits. The €700m-revenue German company claims to be “the world’s largest trade fair, congress and event organiser with its own exhibition grounds”.

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