Ideal Media to merge the assets of its foodservice portfolio into CSP Information Group

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
 
ACQUISITION 
FDN Database Reference:  F231109-374
 
Ideal Media, a division of Schofield Media Group, is merging the assets of its foodservice portfolio into CSP Information Group. Ideal Media’s Food Group was formed in 2005 to acquire Restaurant Business, FoodService Director, and ID from VNU, now the Nielsen Company. Since then, the group has grown from 10% market share to a 23% market share among 11 publications. CSP magazine is the longtime leader in convenience store publishing market. All members of the former Ideal Media Food Group will transition to the newly formed CSP Food Group.

Restaurant Business and CSP’s relationship began through a partnership in 2008 when Restaurant Business was named the official magazine partner for the Restaurant Leadership Conference, and both FoodService Director and Restaurant Business provided support for the launch of the Foodservice at Retail Expo (FARE). The unsolicited bid is the result of CSP’s strategic vision to marry the leading industry conferences with the top foodservice publisher, and create communications opportunities across the entire industry as it spreads into retail.
 
Acquirer:  CSP Information Group
ACQ Web:  http://www.cspnet.com 
Location:  USA, Oak Brook, IL
Region:  North America
Description:  CSP Information Group, publisher of CSP and Fare magazines, is a business-to-business communication company specializing in the convenience retailing and on-the-go food industries. In addition to its print products, CSP Information Group’s other business units include CSP Daily News daily e-mail newsletter, CSPNetwork CyberConferences, CSPedia, CSPTV, CSP Leadership Conferences and Events including the Restaurant Leadership Conference, Foodservice at Retail Exchange (FARE), 24-7 Connect Virtual Expo and CSP Custom Solutions.
Category:  Publisher, Events
Contact:  Paul Reuter, President and CEO  
 
Vendor:  Ideal Media, a division of Schofield Media Group
Vendor Web:  http://www.IdealMediallc.com and http://www.SchofieldMediaGroup.com
Business Sold: Ideal Media’s foodservice portfolio, which includes Restaurant Business, FoodService Director, and Institutional Distribution (ID), the MenuDirections conference, as well as MonkeyDish.com and FoodServiceDirector.com. 
Location:  USA, Chicago, IL
Region:  North America
Description:  Ideal Media owns and operates Restaurant Business, FoodService Director, Beverage World and iSixSigma magazines, MonkeyDish.com and MyID Access web portal.  Ideal Media LLC is headquartered in Chicago, IL with a satellite office in New York, NY.   

Founded in 1999,Schofield Media Group publishes 26 business-to-business magazines and operates conferences & events in the US and UK. The company is headquartered in London and has regional offices in Chicago, New York, Boston, and Norwich. Divisions include Schofield Publishing UK, Schofield Media Chicago, RedCoat Publishing, Ideal Media and Schofield Healthcare Media. 
Category: Publisher, Events
Contact 1:  Andrew Schofield, Chairman and CEO, Schofield Media Group
Contact 2:  Brian Reshefsky, President, Schofield Media Group 
 
Link: Press Release

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