Categories: OLD Media Moves

Biz weekly parent buys stake in sports business company

American City Business Journals, the parent company of more than 40 weekly business newspapers, has acquired a 50 percent stake in Leaders, one of the world’s largest international sports business-to-business and networking companies, reports Michael Sheffield of the Memphis Business Journal.

Sheffield writes, “‘Because of our ownership of Sports Business Journal, Sports Business Daily and our own sports conference group, we knew first-hand of Leaders,’ Whitney Shaw, CEO of ACBJ, said. ‘What we loved most about the company was the strength and flexibility of its brand, the international reputation of its events and the fact that the business has shown year-on-year growth in a competitive sector every year from its start seven years ago.’

“Leaders hosts five international events in New York, London and Lisbon, and annually engages more than 3,000 pre-screened senior executives from 45 sports in 50 countries across the sports business and performance communities. The company’s clients include the National Football League, National Basketball Association and Ultimate Fighting Championship.

“Financial details of the deal were not disclosed.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

Recent Posts

Kudlow to remain at Fox Business

Fox Business host Larry Kudlow has no plans to leave his role amid reports detailing…

4 hours ago

Wired senior writer Meaker is departing

Morgan Meaker, a senior writer for Wired covering Europe, is leaving the publication after three…

15 hours ago

CNBC’s head of events departing after 28 years

Nick Dunn, who is currently head of CNBC Events as senior vice president and managing…

15 hours ago

WSJ taps Beaudette to oversee business, finance and economy

Wall Street Journal editor in chief Emma Tucker sent out the following on Friday: Dear…

24 hours ago

NY Times taps Searcey to cover wealth and power

New York Times metro editor Nestor Ramos sent out the following on Friday: We are delighted to…

1 day ago

The evolution of the WSJ beyond finance

Rahat Kapur of Campaign looks at the evolution The Wall Street Journal. Kapur writes, "The transformation…

2 days ago