Tuesday, November 25, 2014

Marin Magazine, LLC sold to Open Sky Media

Marin_Tombstone_11-11_copy-web

April 15, 2010 – Dan Denton, who sold Gulfshore Media to CurtCo Publishing in 2004, has bought back two of his old titles: Sarasota and Gulfshore Life.  A CurtCo representative stated that the company is divesting the regional titles to concentrate on their growing title, Robb Report.
Denton formed Gulfshore Media LLC as part of the acquisition, but also has Florida Home Media LLC, which houses his Homebuyer magazines brand in addition to Orlando Home & Leisure.  The Homebuyer brand includes Jacksonville, Naples/Fort Myers, Orlando, Tampa Bay, and Sarasota editions.  Denton will continue to operate the business out of the Naples and Sarasota headquarters.
Regional Media Advisors represented Denton and Gulfshore Media in the deal.
November 11, 2011 –The founders of Marin Magazine, LLC announced that they have completed the sale of all interests and assets of Marin Magazine, LLC to Open Sky Media, Inc.   The sale includes Marin Magazine, the award-winning magazine of the San Francisco Bay Area, its accompanying Web site (www.marinmagazine.com), its ecommerce site (www.themarinstore.com) and its private sale site (www.sfsfpree.com).
 
“Marin Magazine has a long-standing reputation as a highly respected, high-quality product, and we're excited to have it in our family of publications," said Paul Wormley, Chairman of Open Sky Media.  "Marin Magazine complements our various regional magazine properties.   And, of course, having Nikki Wood remain on board as Editorial Director is a tremendous asset to the ongoing continuity of the magazine.”
 
Lisa Shanower, Co-Founder / Publisher will be leaving the company to pursue her passion for digital media.  “I feel honored to have created a product that has value to the readers and advertising community of Marin County.   We could not have achieved our success without the partnership of the local advertising community and the amazing team that produces this product each month.”
 
Nikki Wood and Jim Wood will stay on in a leadership position. “Lisa’s entrepreneurial spirit and publishing expertise was instrumental in the magazine’s success, and we’ll miss her creative energy. And while Lisa will be moving on, we’ll be remaining with the magazine in 2012 and beyond. It is with much excitement that we embrace Open Sky Media, Marin Magazine’s new owners, and look forward to many more years of publishing your stories, achievements and inspirations.”
 
Open Sky Media publishes city and lifestyle magazines that appeal to affluent readers living in healthy, growing markets. Open Sky Media's titles include Austin Monthly, Austin Home, San Antonio Magazine and Slice Magazine. Open Sky Media, Inc. is a portfolio company of Hadley Capital, a small-company private equity firm.

Regional Media Advisors, an M&A advisory firm dedicated to the regional media sector, advised Marin Magazine, LLC in this transaction.
 

 

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