FishbowlDC TVNewser TVSpy LostRemote AgencySpy PRNewser GalleyCat SocialTimes

Posts Tagged ‘Alpha Media Group’

Texas Investor Buys Maxim

Alpha Media’s long road toward selling Maxim has finally ended. The New York Post reports that Sardar Biglari, a Texas-based investor, has purchased the magazine for between $10 and $15 million.

The acquisition marks Biglari’s first foray into publications. His company, Biglari Holdings, also owns some real estate, and the restaurant chains Steak N Shake and Western Sizzlin.

In a statement, Biglari announced that Maxim has a bright future. “As the new owner, we look forward enthusiastically to making long-term investments in pursuit of revitalizing the Maxim brand,” he said.

We imagine that executives at Alpha Media were just glad to get the sale over with. During the process of selling Maxim, Alpha Media was almost defrauded and then ended up suing one of its former potential buyers for $38 million.

Mediabistro Course

Middle Grade Novel Writing

Middle Grade Novel WritingStarting January 15, work with a literary agent to write your middle-grade novel! In this course, you'll learn how to develop strong characters, write compelling dialogue, master the art of revision, and market your work to publishing houses and agents. Register now!

Morning Media Newsfeed: Oscar Selfie Sets Record | Charter Eyes TWC Subs | FCC Dumps Media Study

Click here to receive Mediabistro’s Morning Media Newsfeed via email.

Ellen’s Oscar Selfie Breaks Twitter Record (Variety)
Oscar host Ellen DeGeneres herded Meryl Streep, Jennifer Lawrence, Bradley Cooper, Angelina Jolie, Kevin Spacey and others into the most legendary selfie to ever hit the Internet. The sheer number of A-listers packed into the shot apparently caused Twitter to crash, leaving thousands of users locked out. ABC News During the telecast, DeGeneres vowed to set a new record with a photo of her posing with the gaggle of stars sitting in the audience. She had Cooper take the photo, which she captioned, “If only Bradley’s arm was longer. Best photo ever. #oscars” WSJ / Speakeasy The tweet then received more than 921,000 retweets in less than 40 minutes. It went on to get more than a million retweets and counting in less than an hour. The previously most retweeted tweet was one sent by the Twitter account @barackobama when the president won re-election. It simply said, “Four more years.” The Daily Beast The epic selfie needed more than 780,063 retweets to eclipse the iconic victory photo tweeted by Barack Obama in November 2012. It got more than that in just about 35 minutes. AllTwitter By 6 a.m. Monday, the tweet had been retweeted more than 2.3 million times and counting. Indeed, activity around the tweet and the Oscars was so heavy that Twitter experienced a 25-minute slowdown and a full shutdown for some users as the selfie quickly broke the record. Bloomberg Businessweek “We crashed and broke Twitter,” DeGeneres said later from the stage. “We made history.” The Academy of Motion Picture Arts & Sciences, which presents the awards, took credit for the outage. “Sorry, our bad,” the Academy said on its Twitter account. Variety Unexpected demand for ABC’s live stream of the Oscars telecast over the Internet resulted in the video going down for users across the U.S., the network said Sunday. The live video through the Watch ABC app was “down nationwide due to a traffic overload/greater than expected,” a network rep said in an email. As of 10:45 p.m. ET, the feeds were back up, according to the rep, declining to provide additional information.

Read more

Maxim Owners Back Out of Darden Media Deal

The deal between Maxim owner Alpha Media Group and Darden Media Group, which involved the latter buying and expanding the Maxim brand, is officially dead. The New York Post is reporting that Alpha has now turned to another bidder, a combination of Infinity Group, a licensing company, and Hilco Global, a financial services company.

Infinity and Hilco’s bid is expected to be about $20 million, making it $10 million less than Darden’s offer. Alpha and Darden hit a stumbling block in November, when it was rumored that Calvin Darden Jr. (son of Darden Media’s owner, Calvin Darden) would be involved in the acquisition. Further muddling things was Darden Media’s failure to come up with cash as deadlines came and went.

Infinity and Hilco already have a branding and licensing deal with Miss America, so Maxim would seem to be a natural fit. One is an event pairing cheesiness and scantily clad women, the other is magazine doing the same thing.

Maxim Deal Might be Dead

Maxim’s days might be numbered. In early September, Alpha Media Group triumphantly announced that they had sold Maxim to Darden Media Group, despite the glossy’s dwindling popularity. Now Adweek is reporting that the deal is likely dead.

Darden had plans to expand the Maxim brand — Maxim TV, Maxim Radio, etc. If you’re a normal person, that sounds absurd. But that’s just what Alpha Media Group wanted to hear. “As a company, we are excited to see Maxim everywhere,” said Ben MaddenMaxim’s president, at the time.

Unfortunately, things went sour soon afterward. Alpha is specifically worried about Calvin Darden Jr. (son of Darden Media’s owner, Calvin Darden) being involved in the acquisition:

However, the announcement made no mention of Darden’s son, Calvin Darden Jr., who was convicted eight years ago of stealing from securities firms and investors including former NBA star Latrell Sprewell while a stockbroker. Sources close to the company said they were surprised to learn that the younger Darden was involved in the Maxim deal, though, attending meetings and fundraising.

Damn. The guy ripped off Spree? We wouldn’t sell to him either.

Maxim Sold to Darden Media Group

Alpha Media Group, parent of Maxim, has sold the brand to Darden Media Group. The sale includes the magazine and its 15 international editions sold in 34 countries, all Maxim events and digital assets. Financial terms of the deal weren’t disclosed.

Calvin Darden, chairman of Darden Media Group, has big plans for the magazine: Get ready for Maxim TV, Maxim radio and a Maxim music label. Darden’s plan to expand the Maxim brand via those entities is part of the reason why Alpha Media Group accepted his offer.

“He [Darden] will provide exceptional leadership and a platform to execute a large scale strategy across distribution channels we collectively envision,” said Ben Madden, Maxim’s president, in a statement. “As a company, we are excited to see Maxim everywhere.”

We’re not entirely sure that anyone else would agree.

Maxim is Up for Sale

Anyone interested in buying the most dude bro magazine of all dude bro magazines? Well good news, because Alpha Media Group has just put Maxim up for sale. Apparently AMG’s board of directors are finished with the magazine, and are seeking either a buyer or a new group of investors.

If you’re the kind of person who wants to purchase a glossy in a climate that isn’t exactly magazine friendly, you better act fast. Well, at least that’s according to a release from AMG:

The frequency of inquiries to partner or acquire with the Maxim brand has increased dramatically over the past year. Maxim constantly evaluates its position in the market and has decided now is the optimal time to entertain strategic relationships and offers. The brand will only consider offers that are meaningful and beneficial to both the brand and its investors.

Exec Wants To Save Maxim, But Will His Plan Work?

maxim cover.jpgPage Six reports today that Andrew Fox, whose company Track Entertainment operates nightlife directory Clubplanet.com, is predicting the death lad mag Maxim, unless its publishers go quietly.

According to the gossip column, Fox has contacted Maxim‘s majority stake holder, private equity fund Cerberus, and laid out a five-point plan to save the title and is offering $40 million for the brand. “Either you sell it to me, or by March it will be gone,” Fox threatened.

If Fox is to be believed, Cerberus has shown interest in his offer but kept him at arm’s length. But will his plan actually keep Maxim alive?

Read more

Blender Refugee Moves To Maxim As Creative Director

maximcover429.jpgDirk Barnett has been named creative director at Maxim.

Barnett had been in the same role at sister pub Blender until Alpha Media Group shuttered the music magazine in March.

While at Blender, Barnett led a redesign of the pub that has been nominated for a “Redesign of the Year” award by the Society of Publication Designers.

Maxim editor-in-chief Joe Levy, who moved over from the EIC spot at Blender when the plug was pulled last month, said in the release, “I am thrilled and privileged to be able to continue to work with him at Maxim.”

Full release following the jump.

Read more

Blender Spins Into Great Magazine Beyond

taylor_swift_blender_cover-x600.jpgBlender is no more. The music magazine followed so many other publications into the ether amidst a restructuring at parent company Alpha Media Group. It will continue to live online.

Blender has provided unmatched music coverage and entertainment news in its unique voice to a profoundly dedicated audience of music enthusiasts since 2001. However, given the reality of the current economic climate, we are unable to continue publication,” AMG CEO Stephen Duggan said in a statement. “We are grateful to the sales team and to the tremendously talented editorial staff for their hard work and commitment to Blender.”

In other news at the company, Maxim and Maxim.com are merging their editorial operations. Joy Levy, editor-in-chief of Blender, will take over as EIC, while Maxim Digital EIC Jay Woodruff (who we interviewed in December) is the new chief content officer.

Full release after the jump.

Read more