trending Market Intelligence /marketintelligence/en/news-insights/trending/Bk6ORva_jZiewaI9LDut6w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

New Media to buy Journal Multimedia assets

OTT Helps To Offset Pay TV Losses for Video Security Vendors

5G Survey: Despite COVID-19 delays, operator roadmaps still lead to 5G

Southeast Asian broadband providers report varying performance amid COVID-19

Cable networks react to pandemic by cutting SG&A, programming costs

New Media to buy Journal Multimedia assets

New MediaInvestment Group Inc. struck a deal in the second quarter to buysubstantially all of the assets of Journal Multimedia, a multi-titlepublishing, events, media, and research company, for $18 million in cash.

The deal is expected to close later in the second quarter,subject to customary closing conditions, the company said April 28.

Journal Multimedia's assets include regional businessjournals the Central Penn BusinessJournal, NJBIZ, and Lehigh Valley Business; Best CompaniesGroup, a research division that partners with local businesses and mediaoutlets to create "Best Places to Work" publications and events; Central Penn Parent, a monthlypublication in East and Central Pennsylvania; Pet Age, a trade magazine serving the pet industry; and FGV Media,a digital marketing company that produces video and web services for small andmedium-sized businesses.