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Posts Tagged ‘Gruner & Jahr’

Mansueto Eyes BusinessWeek

bw.pngOver the past few weeks, BusinessWeek‘s own media columnist Jon Fine has been tracking the efforts by the magazine’s owner, McGraw-Hill, to sell the business pub.

Yesterday, he reported another possible bidder has entered the fray: Jon Mansueto, whose Mansueto Ventures also owns Inc. and Fast Company.

Mansueto has a history of buying magazines when they’re a good deal, Fine said. “In 2005 Mansueto bought Inc. and Fast Company from Gruner & Jahr for around $35 million in cash plus the assumption of certain liabilities,” he said.

Mansueto’s interest in BusinessWeek might have another explanation as well. John Byrne was editor of Fast Company when Manseuto purchased the magazine and he helped broker the deal that brought Fast Company and Inc. under Mansueto’s control. He left the company shortly thereafter to return to … BusinessWeek. He currently serves as executive editor of the magazine and editor-in-chief of Businessweek.com.

Meanwhile, as Fine previously reported, other parties are also interested in possibly making a bid for BusinessWeek and have taken meetings with the magazine’s management. New York magazine owner Bruce Wasserstein met with BusinessWeek insiders earlier this week, and three private equity firms have also shown an interest.

Read the whole story here.

Earlier: BusinessWeek Update: There Are Interest Parties

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Publisher Meredith Gets New Consumer Mag President

harty.pngMagazine publisher Meredith Corp. today promoted Chief Revenue Officer Tom Harty to president overseeing the house’s consumer magazines. He will retain his CRO title as well as the position of executive vice president of Meredith Publishing Group, the company said.

But, in addition to overseeing company-wide sales efforts and various media networks — including the Parents Network, Ladies’ Home Journal, Fitness, Traditional Home, Midwest Living and Hispanic Ventures, which includes four Spanish-language magazines — Harty will also be assuming control over editorial and creative functions for the company’s New York-based titles.

According to Meredith Publishing Group President Jack Griffin, Harty was integral to Meredith’s recent success.

“Under his direction, Meredith Magazines has grown its advertising market share considerably during this period, especially for the first half of 2009, when our share of magazine advertising in our competitive set is up four percentage points over 2008,” Griffin said.

One of Harty’s innovations was Meredith 360°, a “cross-media integration business unit,” that helped grow and expand Meredith’s Corporate Sales and Marketing efforts.

Harty, who joined Meredith in 2004, previously worked as senior vice president and general manager for the Golf Digest Companies, which are owned by Advance Magazines, a division of Conde Nast. He has also held positions at TV Guide, Reader’s Digest, McCall’s, Forbes and publisher Gruner & Jahr USA.

Full release after the jump

Related: Move Aside Alpha Males, Gamma Women Are The Latest Marketing Tool For Meredith

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