NewBay Media Acquires IMAS Publishing
July 5, 2007 at 11:43 AM (PT)
NEWBAY MEDIA LLC announced that it has acquired the assets of broadcast and professional audio trade publisher IMAS PUBLISHING. Under the terms of the transaction, NEWBAY acquires IMAS's brands, publications and websites, including RADIO WORLD, RADIO WORLD ENGINEERING EXTRA, RADIO WORLD INTERNATIONAL, RADIO WORLD FRANCOPHONE, RADIO WORLD LATIN AMERICA, PRO AUDIO REVIEW, AUDIO MEDIA, BROADCAST & PRODUCTION ITALY, TV TECHNOLOGY, TV TECHNOLOGY EUROPE, TV TECHNOLOGY LATIN AMERICA and TV TECHNOLOGY ASIA PACIFIC, as well as the contracts for the official show dailies for NAB and NRB.
NEWBAY, an affiliate of the WICKS GROUP OF COMPANIES, produces 14 publications, 40 websites, six events and five show dailies, including PRO SOUND NEWS, GUITAR PLAYER, BASS PLAYER, SYSTEMS CONTRACTOR NEWS, KEYBOARD, EQ, RESIDENTIAL SYSTEMS, RENTAL & STAGING SYSTEMS, VIDEOGRAPHY, DV, GOVERNMENT VIDEO, TELEVISION BROADCAST, DIGITAL CINEMATOGRAPHY, TECHNOLOGY & LEARNING, DV EXPO, and GOVERNMENT VIDEO TECHNOLOGY EXPO.
NEWBAY will retain IMAS's headquarters in FALLS CHURCH, VA, as well as the company's offices in the U.K. and ITALY.
"IMAS and NEWBAY fit wonderfully together -- we welcome the IMAS team to NEWBAY," stated NEWBAY CEO STEVE PALM. "The combination of NEWBAY and IMAS creates a clear leader in the audio, video, and broadcast markets and the ability to offer an ever-growing array of media and information solutions to our readers, marketing partners and advertisers -- both here in the U.S. and around the world. IMAS's global publishing and distribution capabilities offer us exciting new opportunities to expand NEWBAY's brands internationally."
IMAS founder/President STEVAN DANA sais that when he decided to sell his business after more than 30 years, he was intent on finding a buyer who could build the brands in the new media age. "NEWBAY has both the resources and the drive to make IMAS's industry-leading publications even stronger," DANA said.
IMAS CEO CARMEL KING said, "The IMAS team is excited about not only being part of a larger organization, but one with a similar mindset -- build great publications, innovate and lead our categories. It's a great fit."