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FDN Database Reference: F231109-360
Reed Business Information – US has made another divestiture. This is the third RBI-US divestiture we have reported in the last two months.
Sandow Media has acquired several print and online brands serving the commercial/residential design and home furnishings and accessories industries. Included in the purchase from Reed Business Information is the iconic Interior Design magazine and the entire Furniture Today group of publications, including Furniture Today, Gifts & Decorative Accessories, Home Textiles Today, Casual Living, Home Accents Today, Kids Today and Playthings.
Sandow Media will hire more than 100 employees with this transaction and substantially expand its current New York City operations. Reed Business Information’s Greensboro, North Carolina, facility will also become part of Sandow Media.
Aprox. Value: Undisclosed
Previously reported on Fusion DigiNet
- Reed Business Information-US sells School Library Journal and Library Journal to Media Source Posted on March 1, 2010
- Canon Communications acquires design engineering media properties from RBI-US Posted on February 16, 2010: Updated on March 1, 2010.
Acquirer: Sandow Media
ACQ Web: http://www.sandowmedia.com
Location: USA, Boca Raton, FL
Region: North America
Description: “Founded by Adam I. Sandow in 2002, Sandow Media‘s flagship brands include the beauty publication NewBeauty; Worth, the business and finance magazine for the ultra-affluent; Watch Journal; and Luxe Interiors + Design, the nation’s largest network of luxury home and design magazines. With over 285 employees nationwide, Sandow Media produces over 200 publications annually. Veronis Suhler Stevenson (VSS) is an investor in Sandow Media.
Category: Magazine publisher
Contact 1: Adam I. Sandow, chairman and CEO
Contact 2: Mark Strauss, publisher and vice president
Contact 3: Kevin Castellani, vice president and publishing director
Vendor: Reed Business Information – US
Vendor Web: http://www.reedbusiness.com/us.html
Location: USA, New York, NY
Region: North America
Description: Business-to-business information provider, with more than 80 market-leading publications and Websites, as well as a range of services
Category: Media Owner, Publisher
Contact 1: John Poulin, Chief executive Officer
Adviser: Reed Business Information-US and its parent company, Reed Elsevier, were represented by The Jordan, Edmiston Group, Inc., a New York City-based investment bank that specializes in media, information, marketing services and related technologies.
Link: Company Announcement