Alpha Media Group has put Maxim up for sale.
“Maxim constantly evaluates its position in the market and has decided now is the optimal time to entertain strategic relationships and offers. The brand will only consider offers that are meaningful and beneficial to both the brand and its investors.”
Maxim was founded in the UK by Felix Dennis, and became hugely successful in the the US.Maxim was so successful upon its arrival in the U.S. It still has a circulation of 2 million. Dennis sold Maxim for $250 million to a management team backed by the Quadrangle Group. After Quadrangle defaulted on its debts, Cerberus Capital Partners took over the title in 2009. Staff numbers have been reduced and the business is said to be financially sound.
Alpha Media Group Inc. was formerly known as Dennis Publishing, Inc. It changed its name to Alpha Media Group Inc. in August 2007.
New York, NY
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