CHANTILLY, Va., July 5 /PRNewswire/ -- Active Interest Media (AIM, http://www.aimmedia.com) has acquired Old-House Journal and Old-House Journals New Old House and the affiliated websites from Restore Media, AIM President and Chief Executive Officer Efrem "Skip" Zimbalist III announced today. The company also purchased complementary publications that are published annually, Old-House Journal's Traditional Products and Old-House Restoration Directory. The new titles, which will be produced at AIM's Home Buyer Publications division, based in Chantilly, VA, add to the company's growing portfolio of special-interest publications. The terms of the agreement were not disclosed.
Said Zimbalist, whose previous experience includes CEO of Times Mirror Magazines, "Old-House Journal and Old-House Journal's New Old House are tremendous magazines with strong growth potential. They also exemplify what our other titles do best: engage and inspire passionate and dedicated readers, who respond favorably to great editorial and its accompanying niche advertising."
"Active Interest Media shares our publishing philosophy," added Michael Tucker, chairman and CEO of Restore Media. "We excel at providing unique and vital information to subscribers and newsstand buyers. AIM is a perfect fit for readers and advertisers alike."
"Old-House Journal is one of the most respected restoration and renovation publications nationwide, and our core strengths as a company--from circulation management to producing quality content for a passionate group of readers-- will serve advertisers and readers particularly well," said Laurie Sloan, group publisher for AIM's Home Buyer Publications. HBP is the top lead- generating company for advertisers in the log- and timber-home markets, as well as a leader in the systems-built marketplace.
Founded in 1973, Old-House Journal (http://www.oldhousejournal.com) is the original home-restoration magazine. The bi-monthly magazine provides hands-on information and inspirational stories to those who own older homes with an eye toward renovation and ongoing maintenance and care. Its unique vision continues to help thousands of readers achieve their goal of living in homes that evoke the best of America's architectural past.
Old-House Journal's New Old House (http://www.newoldhousemag.com), founded in 2004, is written for consumers who have a passion for new houses that offer the style, design, and decor of traditional or period architecture. The quarterly magazine inspires readers with unique home tours, insider design tips, and advice on how to purchase the perfect materials for modern classics. Media investment bank Berkery, Noyes & Company, LLC, represented Restore Media in the transaction.
Based in El Segundo, California, AIM (http://www.aimmedia.com) is a dynamic media company that serves a base of loyal constituents through print, event and online products that connect consumers with their passions. The company was formed in October 2003 by Zimbalist and the private equity investment firm Wind Point Partners.
AIM operates in four distinct market segments; Healthy Living, Marine, Homebuyer, and Western Art and Living. The company publishes 13 market leading magazines and websites including Yoga Journal, Vegetarian Times, Better Nutrition, Optimum Wellness, Wild Oats, Southwest Art, American Cowboy, Backpacker, Log Home Design, Log Home Living, Timber Home Living, Building Systems, Black Belt, and Yachts International magazines.
In addition to magazines, AIM produces and markets category leading DVDs, books, Yoga conferences, log home shows, and more than two dozen building seminars.
In March of 2006, the company acquired Yachting Promotions, Inc. YPI and its Show Management operations produce five major boat shows in Florida along with numerous other special events. They are best known as the producers of the Fort Lauderdale International Boat Show(R), the largest boat show in the world.
About Wind Point Partners Wind Point Partners(R) Wind Point Partners(R) is a private equity investment firm with $2 billion in capital under management. Wind Point focuses on partnering with top caliber management teams to acquire solid middle market businesses with a clear path to value creation. Additional information about Wind Point is available at www.wppartners.com http://www.wppartners.com
Media Contact: Michael McCarthy
Source: Active Interest Media
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