Transactions  >  by Year  >  2010

Hearst Corporation (www.hearst.com), one of the nation’s largest diversified media and marketing companies, has acquired iCrossing (www.icrossing.com), the global digital marketing services company.

The acquisition gives Hearst extensive global digital marketing capabilities, including paid search, search engine optimization, Web development, mobile and social marketing, and data analytics. According to Frank A. Bennack, Jr., Vice Chairman and CEO, Hearst Corporation, "Search and online marketing expertise will be an important asset for us as we continue to look for new ways to reach key audiences through digital marketing for our brands and our clients."

"Aligning with Hearst means a sharing of consumer insights, content, channel expertise and technology that will result in totally new approaches to both digital and integrated marketing for advertisers," said Don Scales, President and CEO, iCrossing.

The Jordan, Edmiston Group initiated this transaction on behalf of Hearst and acted as Hearst’s exclusive financial advisor. For more information, click here.

dmg world media (www.dmgworldmedia.com), a division of Daily Mail & General Trust, has sold the Alberta Gift Show and the Montreal Gift Show to the Canadian Gift & Tableware Association (www.cgta.org), a not for profit association for the $10-billion giftware industry that comprises over 1,600 members.

dmg world media is a leading supplier of face-to-face business information, with conferences, exhibitions and trade shows in the Energy, Technology, Gift, Construction & Interior industries and offices in five (5) countries.

The Jordan, Edmiston Group represented dmg world media in this transaction and acted as its exclusive financial advisor. For more information, click here.

Reed Business Information-US (www.reedbusiness.com/us) has sold Publishers Weekly, Publishers Weekly Show Daily, and www.publishersweekly.com to PWxyz, LLC, a newly organized New York City-based company led by President George W. Slowik, Jr.

Mr. Slowik previously ran Publishers Weekly in the late 1980’s and early 1990’s. PWxyz will leverage Publishers Weekly’s brand equity and talent pool to extend the franchise to a wider electronic and international footprint.

The Jordan, Edmiston Group represented Reed Business Information-US in this transaction and acted as its exclusive financial advisor. For more information, click here.

Reed Business Information-US (www.reedbusiness.com/us) has sold eight magazines and related online assets, including Home Accents Today, Interior Design, Gifts & Decorative Accessories, Home Textiles Today, Casual Living, Furniture/Today, Kids Today and Playthings, to Sandow Media (www.sandowmedia.com), a Florida-based media company that has multichannel, vertically integrated luxury consumer brands online and in print.

All acquired publications are business-to-business print and online brands serving the commercial and residential design and home furnishings and accessories industries.

The Jordan, Edmiston Group represented Reed Business Information-US in this transaction and acted as its exclusive financial advisor. For more information, click here.

Reed Business Information-US (www.reedbusiness.com/us) has sold Library Journal and School Library Journal to Ohio-based Media Source Inc. (www.juniorlibraryguild.com), a portfolio company of The Riverside Company (www.riversidecompany.com). The acquisition includes all print and web products, services, supplements, and newsletters, including Library Hotline.

"With this purchase, Media Source, best known for its ownership of Junior Library Guild and The Horn Book, Inc., adds substantially to its product offerings in the library market. Library Journal and School Library Journal are valuable magazines that deserve a corporate home focused on libraries," said Randall Asmo, CEO of Media Source.

The Jordan, Edmiston Group represented Reed Business Information-US in this transaction and acted as its exclusive financial advisor. For more information, click here.

Reed Business Information-US (www.reedbusiness.com/us) has sold the Asian-based assets of four key media brands serving the advanced design engineering sector, including Electronic Design News (EDN), Design News, Test & Measurement World, and Packaging Digest, to Canon Communications LLC (www.cancom.com), a portfolio company of Apprise Media LLC (www.apprisemedia.com).

These brands have robust digital and print offerings, and hold lead positions in their markets. This transaction will reinforce Canon’s leading position in Asia in the advanced manufacturing sector in exhibitions, publications, and digital media.

The Jordan, Edmiston Group represented Reed Business Information-US in this transaction and acted as its exclusive financial advisor. For more information, click here.

Reed Business Information-US (www.reedbusiness.com/us) has sold the U.S.-based assets of four key media brands serving the advanced design engineering sector, including Electronic Design News (EDN), Design News, Test & Measurement World, and Packaging Digest, to Canon Communications LLC (www.cancom.com), a portfolio company of Apprise Media LLC (www.apprisemedia.com).

These brands have robust digital and print offerings, and hold lead positions in their markets. This transaction will reinforce Canon’s leading U.S. position in the advanced manufacturing sector in exhibitions, publications, and digital media.

The Jordan, Edmiston Group represented Reed Business Information-US in this transaction and acted as its exclusive financial advisor. For more information, click here.

EDGAR Online, Inc. (Nasdaq: EDGR), a leader in the distribution of public company filings and in the eXtensible Business Reporting Language (XBRL) financial reporting standard, has completed an agreement for Bain Capital Ventures (www.baincapitalventures.com) to purchase $12 million worth of convertible Series B Preferred Stock of the Company. EDGAR Online (www.edgar-online.com) expects to use the newly-secured funding to scale its pioneering leadership position in the filing business associated with XBRL and simultaneously invest to expand its data and subscription offerings.

Bain Capital Ventures is an affiliate of Bain Capital (www.baincapital.com), one of the largest and most respected private investment firms in the world. Bain Capital Ventures is known for its exceptional approach to identifying and partnering with the management teams of early and growth stage entrepreneurial companies to build market leaders.

The Jordan, Edmiston Group represented Edgar Online in this transaction and acted as its exclusive financial advisor. For more information, click here.

The Economist Group (www.economistgroup.com) has sold CFO Publishing (www.cfo.com) to private equity firm Seguin Partners, LLC (www.seguinpartners.com), in partnership with CFO’s management.

CFO is the leading business-to-business media brand focused on the information needs of c-level and senior finance executives. In addition to CFO magazine, the business includes a rapidly-growing portfolio of online products and services as well as conferences and custom research and publishing.

The Jordan, Edmiston Group represented The Economist Group in this transaction and acted as its exclusive financial advisor. For more information, click here.

Burton Group, Inc. (www.burtongroup.com), a leading research and advisory services firm that focuses on providing practical, technically in-depth advice to front-line IT professionals, has been sold to Gartner, Inc. (NYSE: IT) (www.gartner.com), a leading provider of research and analysis on the global information technology industry, for approximately $56 million in cash. Burton Group has approximately 41 research analysts, 40 sales and client service associates, and projected 2009 revenue of $30 million.

The Jordan, Edmiston Group represented Burton Group in this transaction and acted as its exclusive financial advisor. For more information, click here.