Who owns texas monthly magazine
Based in the Texas capital of Austin, Texas Monthly began publishing in under the leadership of Mike Levy, who sold it in to Indianapolis-based Ennis Communications. According to its website, it has a paid circulation of , and is read monthly by 2. Williams is now in the company of other wealthy citizens who boast legacy media crown jewels in their holdings, including:.
The sale is the latest in a line of transactions in which a wealthy citizen swoops in to snatch up a venerate — and often faltering — brand. But leaders at Texas Monthly said their most recent ownership set them up for success and made the purchase attractive for Williams. He said he is confident that Williams understands journalistic principles of editorial freedom, and is committed long-term. Plus, why inflation can be good, road salt is more expensive and plow drivers are hard to find, a look at what's getting pageviews, and more.
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Celebrate journalism: Get tickets. Hobby — former publisher of the now-defunct Houston Post, Texas' 27th governor and the namesake of one of Houston's major airports. The firm bought the magazine from Indianapolis-based Emmis Communications Corp. Soon thereafter, Genesis Park began receiving interest from potential buyers, per the release.
The Financial Times reported this week that the magazine hired Goldman Sachs to explore a sale. We now have a first-rate editorial and business team in place and have grown the total audience more than 76 percent since our acquisition.
The new ownership plans to "accelerate investments in editorial resources, the marketing of online and print subscriptions, and expansion of the brand" across all platforms, including the print magazine, website, live events and podcasts, per the release. Williams will be the magazine's fourth owner since it launched in , according to Texas Monthly. By Kristen O'Brien. Banding together for the holidays. By Chantal Rice. Goodbye to a Texas music legend. By ABC13 Staff. Keeping Austin Weird.
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