Regional Acquires, Shutters Competing Magazine
By Jason Fell
“Acquiring Washington CEO was a good strategic move for Tiger Oak,” says Kim Mac Leod, president of Regional Media Advisors. “The title was a former competitor but smaller and a potential acquire by another publishing company. Folding it into the buyer's stronger magazine—Seattle Business—leverages the former subscribers of Washington CEO along with potentially some good staff, and strengthens Tiger Oak's foothold in the Seattle and surrounding markets."
“We've seen several of these types of sales to market competitors and it strengthens the regional publishing sector as a whole,” Mac Leod added. Read more...