Hearst Magazines Buys Minority Stake In ‘Gear Patrol’

Hearst Magazines has acquired a minority stake in Gear Patrol, an enthusiast men’s brand focused on products and stories about the outdoors, fitness, style, tech, cars and travel. Gear Patrol, which launched in 2007, reaches over 2 million readers monthly. The brand has a website, biannual print publication, advertising, branded content and events.

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WPP bosses rule out breakup but back sell-offs

WPP bosses have signalled a willingness to sell off underperforming parts of the global marketing empire but have ruled out a complete breakup following the departure of founder Sir Martin Sorrell, as shares surged almost 9% after a better-than-expected first quarter

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Quartz Sequoia acquires two Prysm events

Quartz Sequoia Events, organiser of Elevate, has announced the acquisition of Elite Sports and COPA from Prysm Group, extending its existing trade event portfolio within the sport, fitness and health sector. In May 2018 Elite Sports and COPA took place slightly earlier in the year, co-locating with Elevate in preparation for the acquisition. The shows reported an increase in visitors and a combined total of more than 8,000.

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Lagardère in Talks to Sell French Elle to Czech Media Invest

Elle, the magazine that has helped to shape the tastes and lifestyles of generations of French women, is to be sold to a Czech media group. Lagardère, the publishing and retail conglomerate, said that it had entered into exclusive talks with Czech Media Invest to sell its magazines, which include the French version of Elle. Among the other magazines included in the deal are Femina, also aimed at women, Télé 7 Jours, a television listings guide, and Art & Décoration, which specialises in home improvement.

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Comcast launches 22bn rival bid for sky

Comcast has gatecrashed Rupert Murdoch’s takeover of Sky with a rival £22bn offer, sparking a bidding war for Britain’s biggest pay-TV broadcaster. The media and telecoms company, which owns NBC Universal and is the largest cable operator in the US, has made an all-cash offer of £12.50 a share, a 16% premium on the offer from Murdoch’s 21st Century Fox, which values Sky at about £19bn.

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Diversified Communications to Sell Three Hong Kong Trade Events

Press release: Diversified Communications announced today that they have entered into an agreement with UBM Asia Limited (“UBM Asia”) to sell Restaurant & Bar Hong Kong (“RBHK”), Natural & Organic Products Asia (“NOPA”) and Retail Asia Expo (“RAE”) to UBM Asia Limited (“UBM Asia”) which concludes the company’s two-year strategic divestiture plan

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ITE disposes of Malaysian business to UBM

Press release:. ITE Group plc today announces that it has sold TradeLink ITE Sdn. Bhd., the owner of Metaltech, the metalworking exhibition in Malaysia, to UBMMG Holdings Sdn. Bhd., a subsidiary of UBM plc for a total cash consideration of MYR 23 million (£4.2m)1. The total consideration will be payable upon completion and the proceeds will be reinvested into the Group

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Springer Nature aims to raise 1.2 billion euros in new money in IPO

FRANKFURT (Reuters) – Springer Nature, the publisher of science magazines Nature and Scientific American, is planning to raise 1.2 billion euros ($1.5 billion) by selling new shares in an initial public offering (IPO), also providing an opportunity for its private equity owner to cash in. While buyout group BC Partners will sell some of its shares in the listing, German publisher Holtzbrinck, which owns 53 percent, will hold on to its stake, Springer Nature said in a statement on Thursday.

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WPP: breaking up world’s top advertising group could net £22bn

Sir Martin Sorrell’s resignation has raised the question of whether his successor will be able to stop a breakup of the world’s largest advertising group. Some analysts believe that there is more value in breaking up the sprawling empire – WPP employs more than 200,000 staff in 400 separate ad businesses in more than 3,000 offices in 112 countries – particularly as its stock market value has plummeted more than a third in the past year

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Trinity Mirror’s Express takeover slowed down as competition regulators lift up the bonnet

Britain’s competition regulator today launched an investigation into the sale of Richard Desmond’s Express newspaper stable to the owner of the Daily Mirror. The Competition and Markets Authority (CMA) said it “will now assess whether this deal could significantly reduce competition within the UK media sector”. A deadline of 7 June has been set for a decision with interested parties invited to submit evidence to the investigation.

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Clarion acquires PennWell in the US for circa US$300m

Press release:  LONDON, April 3, 2018 /PRNewswire/ — Clarion Events, one of the world’s leading events organizers, announces the acquisition of PennWell Corporation, a privately-held events and business-to-business media and marketing services company based in Tulsa, Oklahoma, USA. Clarion is owned by funds managed by Blackstone, one of the world’s leading investment firms

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Future Publishing Acquires US Content Business NewBay Media

Press release:  SAN FRANCISCO, April 4, 2018 /PRNewswire/ — Future plc, the global platform for specialist media, today announces it has completed the acquisition of NewBay Media, LLC. NewBay is an information and events business based in New York and London. It has a substantial B2B portfolio operating in verticals including Electronics and Education, and TV and Audio, where it publishes Broadcasting & Cable, the leading voice of authority in the television industry. Its business is mainly in the provision of conferences, magazines, events, digital content and data services. It also has a large consumer division in the Music vertical where it publishes magazines including Bass Player, Guitar World and Electronic Musician.

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Fitch Group Becomes a Wholly-Owned Hearst Business

Press release: NEW YORK, April 12, 2018 – Hearst announced today that it has purchased from Fimalac S.A. an additional 20 percent interest in global financial information services company Fitch Group, bringing Hearst’s equity interest to 100 percent. The transaction is valued at $2.8 billion. Hearst acquired its original interest in Fitch Group in 2006, and increased its holdings to 80 percent in 2015.

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