Politico acquires E&E News for undisclosed amount
Politico is acquiring E&E News, a high-price subscription trade publication focused on the energy industry and environmental news, reports Lukas I. Alpert of The Wall Street Journal. Alpert reports, “The deal will substantially expand Politico’s footprint in the energy news space and is part of a bigger move to grow its professional news business. E&E News […]
Industry Dive is acquiring CFO.com
Industry Dive is acquiring CFO.com for an undisclosed amount, reports Lara O’Reilly of Business Insider. O’Reilly reports, “Industry Dive also plans to launch a new vertical covering the future of money and finance called Payments Dive early next year, said CEO Sean Griffey. The publication will sit between its banking, retail, finance verticals. “CFO started in 1985 […]
Globe and Mail M&A reporter Jones moving to energy beat
Jeff Jones, who has been covering mergers and acquisitions for The Globe and Mail in Toronto, is moving to a new beat. Jones will now cover green finance, investing, ESG and things related to the energy transition. Before joining The Globe and Mail in 2013, he was a senior reporter for Reuters, writing news, features and […]
DOJ investigating Variety parent’s deal for Hollywood Reporter
The U.S. Justice Department is investigating Penske Media’s announced deal to acquire a majority stake in The Hollywood Reporter, reports Alexandra Steigrad and Josh Kosman of the New York Post. Steigard and Kosman report, “Sources said DOJ officials have been reaching out to third parties — including ad agencies that work with digital media companies and in-the-know Hollywood talent […]
Japanese company sells financial website Quartz to management
Quartz co-founder and CEO Zach Seward has reached an agreement to acquire Quartz from Uzabase, the company’s owner for the past two years. Seward, who remains CEO, is partnering with editor-in-chief Katherine Bell, now a minority owner, to operate Quartz as a private company. The acquisition is effective immediately. Terms of the deal were not […]
Private equity firm buys business newspaper owner Bridgetower Media
BridgeTower Media, which owns business newspapers such as the Idaho Business Review and Charleston Regional Business Journal, has been sold to a private equity firm for an undisclosed price. Transom Capital Group has more than $600 million in assets under management and is based in Los Angeles. BridgeTower’s publications include Massachusetts Lawyers Weekly, NJBIZ, Arizona Capitol Times, The […]
Why Red Ventures bought CNET
CNET editor in chief Connie Guglielmo interviewed Red Ventrues CEO Ric Elias about the company’s purchase of the technology site. Here is an excerpt: Q: Why CNET Media Group? What is it about what we do that drew your attention? Elias: First, let me state the obvious: The CNET Media Group platform includes some of the most […]
Business Insider parent in talks to buy Morning Brew controlling stake
Business Insider parent Insider Inc. is nearing a deal to acquire a controlling stake in Morning Brew, reports Benjamin Mullin of The Wall Street Journal. Mullin reports, “The terms the companies are discussing would value Morning Brew at over $75 million, including certain performance incentives, the people said. The companies haven’t completed a deal, and the talks […]
Japanese owner puts Quartz up for sale
Online business news site Quartz has been put up for sale just over two years after it was acquired by a Japanese financial intelligence and media company, reports Lukas Alpert and Benjamin Mullin of The Wall Street Journal. Alpert and Mullin report, “The company, Uzabase Inc., agreed to purchase Quartz in mid-2018 in a cash-and-stock deal that could have been worth as […]
RedVentures to acquire CNET for $500 million
ViacomCBS Inc. is close to selling CNET Media Group to Red Ventures LLC, according to people familiar with the matter, for $500 million, reports Benjamin Mullin of The Wall Street Journal. Mullin writes, “Red Ventures, a media and technology company, is expected to pay about $500 million to acquire the network of websites, which includes CNET, […]
