NewBay Media Acquires Three Magazines From Future US
Posted on January 22, 2012NewBay Media LLC has acquired select titles from Future US, Inc, the San Francisco-based subsidiary of Future plc. The titles include Guitar World, Revolver, and Guitar Aficionado. NewBay Media says it now reachers over 5 million music and audio professionals and enthusiasts every month with the new titles. The magaines joins NewBay's existing music and audio titles, which include Guitar Player, Bass Player, Keyboard, Electronic Musician, Mix, Pro Audio Review, Audio Media, and Pro Sound News.
Steve Palm, CEO, NewBay Media, said in a statement, "These titles, and the talented team behind them, have set a high standard for guitar enthusiast publishers around the world, and we are thrilled to welcome them into the NewBay family. This acquisition furthers our goal to offer our readers and advertisers unparalleled depth and breadth within the music and pro audio communities."
The Guardian reports that Future US sold the titles after slumping to a $5.6 million loss in 2010.