Meredith Corp, which became America’s largest magazine publisher with its $3.2bn acquisition of the legendary Time Inc in 2018, took a pounding last week as CEO Tom Harty acknowledged that it is taking longer than expected to turn round the “new” magazines. Advertising and subscription yields had both been much worse than expected. Its share…
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…
Skift acquires meetings service
Skift, the seven-year-old, privately-owned travel industry information and events business, has acquired EventMB, an online news and information service for event professionals. It had been founded by Julius Solaris 12 years ago in Italy and is now based in Las Vegas. Skift which publishes its annual Meetings Innovation Report and hosts four international forums. This is…
Crunchyroll buys Viz Media
The Crunchyroll subsidiary of Warner Media (via Otter Media), has acquired a majority stake in Viz Media Europe, distributor of anime and manga (Japanese inspired comic style content) across Europe. Japanese media company Hitotsubashi Group will retain a minority stake. Crunchyroll has 50m registered users of which 2m are said to be paying subscribers. It…
Anthem buys US lifestyle channels
Anthem Sports and Entertainment Corp (ASE), of Canada, has bought a majority stake in HDNet, owner of the AXS TV and HDNet Movies networks. AXS is a music and lifestyle channel which broadcasts live concerts and sporting events. It was originally founded as HDNet in 2001 by Mark Cuban who will continue to own shares in…
BoomTV buys AVGL e-sports
E-sports platform BoomTV has acquired the American Video Game League (AVGL) a producer of college level e-sports tournaments and events, content and community. Boom TV produces a twice-weekly series Code Red which claims to reach 5m monthly users with further reach via Twitch and You Tube and has also started to run gaming events. The…
S&P buys rice pricing
S&P Global Platts, provider of information to the commodities and energy markets, has added Live Rice Index (LRI) to its portfolio. LRI provides data and price information to the rice industry and supplements S&P Global Platt’s portfolio of agricultural price products. LRI was founded in 2011 and has established a strong position within agricultural pricing. The…
Ascend buys Kluwer brands
Ascend Learning LLC, of the US, has acquired the health titles of Wolters Kluwer including titles in dental hygiene, clinical laboratory science, massage therapy and nutrition. They will be incorporated into Ascend’s Jones & Bartlett portfolio. Ascend Learning provides online education to students, employers and colleges. Wolters Kluwer is a Netherlands-based global provider of professional information, software…
Montgomery buys India Art Fair
Hong Kong-based Angus Montgomery Arts has purchased the remaining 65% stake in the India Art Fair based in New Delhi that was previously held by MCH Group of Switzerland. The fair covers modern and contemporary art across South Asia. Angus Montgomery Arts claims to own more East Asia art fairs than any other organiser including…
UK aviation mags sold
Real Response Media, of the UK, has acquired the assets of Air Transport Publications (ATP) from Samedan Ltd, comprising quarterly titles MRO, Aircraft Cabin Management, Airline Cargo Management and Low Cost & Regional Airline Business, the monthly online MRO News Focus and two directories. ATP was founded in 1996 with the Aircraft Maintenance & Engineering…
