Conteúdo do artigo

• The E-Sylum: Volume 8, Number 50, November 27, 2005, Article 10
  

  COMPANIES BATTLING OVER SALE OF KRAUSE PUBLICATIONS BUYER
  

  On November 25 the New York Post reported that "A
  fight between two of the big media money power players
  in New England — Boston-based Abry Partners and
  Providence, R.I.-based Providence Equity Partners —
  looks like it will get nastier before anyone comes
  to their senses and settles.
  

  The quarrel is over the pricetag for F+W Publications,
  a mid-sized publisher for magazine titles including
  Writer's Digest, Turkey & Turkey Hunting, Old Cars
  Weekly, Numismatic News and several book clubs directed
  at hobbyists, including WoodWorker's Book Club.
  

  In August, Abry paid $500 million for F+W Publications,
  which was headed by Primedia co-founder William Reilly
  with financial backing from Providence Equity.
  

  Three months later, Abry appears to be suffering
  from a severe case of buyer's remorse.
  

  On Nov. 3, Abry filed suit against Providence trying
  to rescind the purchase or obtain a major damage
  settlement.
  

  Abry claims that Providence "had employed a variety
  of devices and schemes to artificially inflate the
  company's reported revenues for the first half of
  the year, according to a suit in Delaware Chancery court."
  

  To read the full story (registration required), see: Full Story
  

  Here's another story in a publication for dealmakers: Full Story
  

URL da fonte

• http://www.coinbooks.org/esylum_v08n50a10.html

Data de publicação

• 2005-11-27

Volume

• 8

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