RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

InvestmentNews gets booted to another overseas owner with scant financial publishing roots but Key Media's past 20 years are rooted in success, only paid $4.1 million and may find ample fat to cut

The original March deal was worth about $8.4 million including the removal of a $1.9-million lease obligation but IN owner walks away now with just $4.1 million and an unspecified lease obligation

Author Brooke Southall May 25, 2023 at 2:55 AM
Admin:
0 Comments
no description available
Mike Shipley has the "goal of being the largest independent B2B information provider globally."
Keith Girard contributed to the editing of this article.


Related Moves

InvestmentNews slashes up to 21 full- and part-time staff ahead of Key Media takeover of struggling publication -- leaving employees to scramble with no notice or severance

The London-based owner of the U.S.B2B publication informed staff at 9 a.m. today, with top editor Paul Curcio part of the exodus.

June 27, 2023 at 10:19 PM

InvestmentNews Publisher Christine Shaw departs on heels of top editor, leaving turn-around ace John French to pick up the pieces, but sale off the table, he says

Media consultant says the publication is 'a little chaotic,' but vows to shore up the masthead and keep the New York City brand intact.

November 12, 2021 at 5:25 AM

InvestmentNews brings in 'turn-around specialist,' and a 'chief revenue officer,' following pandemic battering; then top editor and two reporters jump ship

InvestmentNews is adding people on the business side and losing veterans on the editorial side after suffering staggering COVID hit to live events, and its publisher calls modus operandi changes 'permanent.'

October 26, 2021 at 2:27 AM

Matt Ackermann, last of Crain braintrust, leaves InvestmentNews as events-oriented parent, Bonhill Group PLC, sees stock plummet 88%

The director of content joins big Boston-based LPL OSJ for a similar role but one where he can use a 'rifle' rather than a shotgun, he says

October 20, 2020 at 4:10 AM

See more related moves

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo