Future Media Group acquires W Magazine from Condé Nast

Future Media GroupFuture Media Group has acquired ‘W’ magazine from Condé Nast. The acquisition will bring W together with Surface and Watch Journal to form Future Media Group. The terms of the transaction were not disclosed.

The Group will continue to publish eight print issues of W annually while also expanding the brand’s digital and experiential footprint. Future Media Group has named Sara Moonves as the magazine’s new editor-in-chief. Moonves, who previously worked at Vogue and at T:The New York Times Style Magazine, joined the staff of W as Style Director in 2017.

Marc Lotenberg, CEO of Future Media Group, said “W has always been an extraordinary and visionary arbiter of style. For over 45 years, its pages have been filled with indelible imagery and exciting journalism. We look forward to honoring and building on that legacy. We know that W will serve as a perfect complement to the publications already in our portfolio.”

“Sara has impeccable taste and a keen eye for how a media brand should evolve in today’s fast-paced media landscape. She has enormous credibility in the fashion community, not to mention a forward-thinking sensibility that will bring W beyond its core print distribution into various offline, online and augmented formats.”

Future Media Group will operate W offices in Paris, Milan and New York, as well as a soon-to-be established bureau in Los Angeles.

USA, New York, NY

Easyfairs acquires Aesthetics Media

EasyfairsGlobal exhibition organiser Easyfairs has acquired the Aesthetics Media portfolio, which includes the Aesthetics Conference & Exhibition (ACE), the Aesthetics journal print and digital platform and the Aesthetics Awards. The terms of the transaction were not disclosed.

With a complementary event, Clinical Cosmetic Regenerative (CCR), already in its stable, the acquisition is set to make Easyfairs the leading media provider to suppliers in the UK aesthetics sector.

Matt Benyon, Head of Easyfairs UK & Global, said, “We can now offer customers a phenomenal breadth of products and unparalleled opportunities to engage with aesthetics professionals – it’s a true 360-degree offering. This latest acquisition demonstrates, once again, our commitment to constantly invest in and develop our core markets. Companies in the aesthetics sector often have very different approaches, products, budgets and strategies. We recognise this fact and are utterly focused on meeting all of their needs, helping them prosper and grow. We are now incredibly well equipped to do just that.”

ACE is timed for Spring and aimed at healthcare professionals who practise medical aesthetics, such as dentists, doctors and nurses.

The combined exhibitions, awards and publication will be managed by Easyfairs UK & Global business, with the entire Aesthetics Media team joining Easyfairs as part of the acquisition.

In 2018 Easyfairs was named Belgium’s ‘Entrepreneur of the Year®’ and the company is ranked 18 in the world’s leading exhibition companies.

Easyfairs currently organises more than 218 events in 17 countries and employs 750 people and generates revenues exceeding €157m for its financial year 2017-2018.

Belgium, Brussels & UK, London

Related articles:

Meredith sells Fortune magazine to Thai billionaire for $150M

MEREDITH CORPORATION LOGOU.S. media company Meredith Corp is selling Fortune magazine for $150 million in cash to Thai businessman Chatchaval Jiaravanon, the second time the influential business magazine has changed hands this year. Best known for the “Fortune 500” list, the magazine was acquired by Meredith as part of its acquisition of Time Inc in January for $1.84 billion.

Jiaravanon is best known for his affiliation with Charoen Pokphand Group, or C.P. Group, a business conglomerate with stakes in the Thai telecommunications, food, retail and automotive industries.

The Fortune sale is expected to close before the end of the year and it will be a personal holding of Jiaravanon. In a statement, Jiaravanon said he wants to make Fortune “the world’s leading business media brand. The demand for high-quality business information is growing and with further committed investment in technology and brilliant journalism, we believe the outlook for further profitable growth is excellent both for the publication and the events business”.

Alan Murray, who has been editor of Fortune since 2014 and previously served as chief content officer of Time Inc., is becoming president and CEO of Fortune. He wrote on Twitter that he’s “delighted to have found a buyer for Fortune that shares our mission, our independence and will invest to make Fortune grow.”

USA, New York, NY

Related articles:

Salesforce founder Marc Benioff to acquire Time Magazine for $190M

Time MagazineBillionaire and co-founder of Salesforce.com, Marc Benioff – along with his wife, Lynne Benioff – are to buy Time Magazine for an estimated $190 million in cash, just eight months after it was sold to Meredith Corporation. The deal could close within one month, but it must first get regulatory approval.

The Benioffs, who are purchasing the magazine personally in a the deal unrelated to Salesforce, will not be involved in the day-to-day operations or journalistic decisions, which will continue to be led by TIME’s current executive leadership team.

Meredith completed its purchase of Time at the end of January 2018. Soon after its completion, Meredith said it was selling Time’s news and sports brands to focus on other brands that served its core target audience: American women.

Benioff recently tweeted, “The power of Time has always been in its unique storytelling of the people & issues that affect us all & connect us all. A treasure trove of our history & culture. We have deep respect for their organization & honored to be stewards of this iconic brand”.

Time Editor-in-Chief Edward Felsenthal said, “On behalf of the entire TIME team, we are very excited to begin this next chapter in our history. We can’t imagine better stewards for TIME than Marc and Lynne Benioff.”

USA, New York, NY & Des Moines, Iowa

 

Immediate Media acquires BBC Good Food

Immediate MediaImmediate Media Co is to acquire BBC Good Food, the UK’s biggest food media brand, from BBC Studios. The deal, Immediate’s first acquisition under the ownership of Hubert Burda Media, continues the company’s development as it looks to accelerate its growth through strategic M&A and product development. The terms of the transaction were not disclosed.

Launched in 1989, BBC Good Food has the biggest cross-media reach of any UK magazine brand. bbcgoodfood.com is the UK’s largest food website, with 22 million visitors globally a month; BBC Good Food magazine, is the best-selling food magazine in the UK, with 1.3 million monthly readers; whilst the BBC Good Food show live events are the largest and most popular food and drink shows in the UK, with over 250,000 visitors a year.

Immediate Media CEO Tom Bureau said, “We are excited to be acquiring BBC Good Food. Not only is this the biggest brand in food publishing and media, but is absolutely on strategy for Immediate, given our focus on high value special interest communities, and cements our market leadership in the Food sector. We see significant opportunity in growing the brand, which we know well from working closely with BBC Studios. I’m looking forward to welcoming the hugely talented BBC Good Food team to Immediate, and we are committed to continue to produce the world-class content they are known for, whilst developing the brand across all platforms.”

BBC Good Food will form a new food business portfolio for Immediate. Headed up by BBC Good Food’s publishing director, Chris Kerwin, who takes up the role of food managing director, reporting to group managing director, Alison Forrestal.

Under the terms of the deal, the BBC Good Food brand name and the bbcgoodfood.com URL are licensed to Immediate by BBC Studios.

UK, London

Related articles:

Exponent acquires Dennis Publishing

Exponent PEExponent is to acquire Dennis Publishing, a multi-platform international media group which owns several award-winning brands including its flagship title, The Week.

Initial reports from Sky News suggested Exponent could pay between £150m and £200m, with The Week alone valued at around £100m, although the final amount was unconfirmed.

Dennis is a leading consumer media and e-commerce organisation, based in London and New York. Its portfolio consists of over 30 brands across four main areas of focus: Current Affairs, Technology, Automotive and Special Interest. In addition to The Week, it is home to several well-known brands including MoneyWeek, The Week Junior, BuyACar.co.uk, Auto Express, CarBuyer, Computer Active, Alphr.com, Cyclist and Viz, among others. Across all its brands it reaches over 50 million readers and sells over 2.5 million magazines every month.

Dennis is the first investment to be made from Exponent’s fourth fund, Exponent Private Equity Partners IV, LP.

Commenting on the acquisition, David McGovern of Exponent, said, “Dennis is a unique, innovative and dynamic publishing and e-commerce business. We believe that there is a significant opportunity to grow both its print and digital platforms, which will allow it to reach and engage even more readers and customers. Exponent is delighted to back James Tye and his team. We look forward to combining their expert knowledge with our own deep experience in consumer media and e-commerce to help further develop Dennis’ strong market positions and build on Felix Dennis’ legacy.”

Dick Pountain, on behalf of the Executors of the Felix Dennis estate, said, “The Executors of Felix Dennis’ estate are delighted to agree the sale of Dennis Publishing to Exponent. We see Exponent as excellent partners for Dennis; their track record in media is extremely strong and we have confidence in their ability to continue to grow the size and reputation of the company that Felix created almost 50 years ago.

The proceeds of this sale go to the Heart of England Forest (HoEF), a charity which Felix established during his lifetime. This endowment will enable the charity to create Felix’s ambitious vision – planting and maintaining the largest contiguous, broadleaf woodland for public enjoyment that the UK has seen in a century. The sale ensures not just a bright future for all involved but will create a lasting and important legacy for future generations.”

UK, London

Related articles:

Vitesse Media to buy InvestmentNews for $27.1M

Vitesse Media plcDigital media and events company Vitesse Media is to acquire InvestmentNews, a leading source of news, analysis and information to the financial advisory community from its parent, Crain Communications Inc., for approximately $27.1 million. The deal is expected to close mid-August.

As part of the deal, InvestmentNews’ leadership team will remain intact — as will its award-winning editorial, multimedia, audience, custom, research & data, marketing, sales and event divisions.

Crain launched InvestmentNews in 1997 as a weekly magazine covering the U.S. financial advice profession. InvestmentNews has since expanded its engagement with its core audience through the launch of an award-winning website, live events and research and data offerings. Today, InvestmentNews is the No. 1 media brand in the financial advice market, with more than 150,000 weekly print readers. InvestmentNews.com garners an average of 545,000 unique visitors each month. In addition, InvestmentNews operates a growing events business, which includes the Retirement Income Summit, Woman Adviser Summit and Best Practices Workshop. It is also produces editorial and custom research relevant to advisers and the businesses that serve them.

Simon Stilwell, who was appointed CEO of Vitesse in August 2017, said, “InvestmentNews is the leading brand in its community, it fits well into the Vitesse stable and provides the company with the opportunity to pursue other bolt on opportunities to expand, especially in its events and data business. Its American presence further allows us to expand our reach geographically, a key aspect of our future strategy.”

Upon completion of the deal, Vitesse will change its name to Bonhill Group plc, subject to shareholders’ approval.

UK, London & USA, New York, NY

Related articles: