Haymarket Media Acquires DMNews
Thursday, 01 March 2007
Haymarket Media Inc. ("Haymarket Media") has acquired DMNews from Courtenay Communications Corporation ("Courtenay"). Both companies are privately-held and based in New York. Details of the transaction were not disclosed.
DMNews was launched in 1979 by Adrian Courtenay who, as owner and CEO over the past 28 years, has built an impressive multi-channel franchise:
- DMNews' print edition is a weekly tabloid with a circulation over 50,000. It is the clear market leader in industry surveys of both readership and advertising.
- Other print offerings include the DM News Essential Guide series, which provides information on key topics, such as search engine marketing, e-mail marketing and database management.
- The Web site, DMNews.com, is the most heavily-trafficked site in the DM field.
Six e-mail newsletters, including DMNews-iMarketing News Daily, DM News Hot List of the Day, DM News Whitepaper of the Day and three weeklies, which are delivered to over 35,000 individuals.
The sale of DMNews includes the rights to another Courtenay magazine, iMarketing News, which was published from 1999 to 2002.
Haymarket Media is one of the fastest-growing media companies in the US. Its parent, Haymarket Media Group, is based in London and is the largest privately-owned magazine publishing company in the UK, with offices in the US, India, Germany, China and Australia. It is owned by the Rt. Hon. the Lord Heseltine.
In the US, Haymarket Media publishes a dozen magazines covering the marketing, public relations, medical, elderly care, and information securities businesses, each with market-leading online platforms.
Haymarket Media CEO William Pecover commented, "We are very excited to have made this acquisition and to be working with Adrian Courtenay who knows this industry inside out. DMNews is a perfect fit, not just next to our US brands PRWeek and Medical Marketing & Media, but also alongside our direct and other marketing brands worldwide."