Elstein writes, “Take Reorg, which provides news and analysis about corporate restructurings and bankruptcies to about 20,000 subscribers. The six-year-old publisher saw revenues reach about $34 million in 2017. Last year it joined Crain’s Fast 50 list of the quickest- growing New York businesses, and private-equity firm Warburg Pincus acquired a controlling stake in Reorg in a deal that valued it around $400 million.
“Then there’s Acuris, publisher of trade publications Debtwire and Mergermarket. In 2017 its owner, private- equity firm BC Partners, sold a 30% stake for about $350 million to Singapore’s GIC sovereign wealth fund. It has enlisted Goldman Sachs and JPMorgan Chase to find a buyer for the rest. BC is looking for $1.3 billion, Bloomberg News reported.
“Don’t forget The Deal and BoardEx, which were sold for $87 million in December. That’s three times more than TheStreet paid to acquire them only a few years ago. The Deal specializes in news about business mergers, financings and restructurings; BoardEx is a database of information about board members, corporate executives and investment bankers.
“Notice a pattern? Outlets that appeal to the masses such as BuzzFeed and HuffPo are struggling. Publications that cater to the needs of a specific readership and do it well are doing just fine.”
Read more here.
The Indianapolis Business Journal is looking for our next news editor, a role that focuses…
Axios has chosen Ben Berkowitz to be its next managing editor of business and markets.…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm thrilled…
Rest of World editor in chief Anup Kaphle sent out the following on Monday: We are excited…
The Financial Times has hired Veena Venugopal as its India newsletter editor. She has been working at…
Benjamin Parkin has been named Middle East and Africa news editor at the Financial Times, based…