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Article: Sandler Capital Management Acquires Market-Leading Crafts Group from PRIMEDIA.
- Article from:
- Business Wire
- Article date:
- September 27, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Enthusiast Media LLC, an entity formed by affiliates of Sandler Capital Management, has acquired substantially all of the assets of the Crafts Group from PRIMEDIA, Inc. (NYSE: PRM) for approximately $132 million in cash.
As a leader in specialty publishing within the growing $30 billion crafts marketplace, Enthusiast Media LLC publishes nine leading consumer magazine titles. The strength of the business is reflected in its diverse asset mix including traditional magazine publishing, online and digital media, multiple consumer and trade events, merchandising as well as domestic and international product licensing. All nine consumer magazines are ...