Marin Magazine, LLC sold to Open Sky Media
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.