Canadian publisher buys magazines from Maine

0

Maine Magazine and Maine Home + Design are sold to a Canadian publisher.

Terms of sale from State 23 Media, the publisher of the magazines, to Advocate Printing and Publishing were not disclosed.

Advocate, based in Pictou, Nova Scotia, owns 11 newspapers and nearly two dozen magazines. The company said production and printing of the Maine magazines would move to Canada, but its US subsidiary, Advocate Media USA, would open offices in Portland.

The purchase of the magazines is Advocate’s first acquisition in the United States, the company said, but the company operates St. Croix Printing and Publishing which serves the border towns of St. Stephen, New Brunswick, and Calais, Maine. .

“The addition of these titles demonstrates our determination to grow and invest in our media operations,” Crystal Murray, president of Advocate Media, said in a statement. “This acquisition is very energizing and the boost we all need after a few difficult years, but there is still a lot of work to be done. “

Fred Fiander, vice president of media operations at Advocate Printing, said he has spent the past two weeks with the magazine staff in Portland and “I am excited about their passion and commitment to the magazines they produce. . This raises the bar for our family of lawyers, and we are up to the challenge.

“Maine titles share our curiosity, passion and love for the East Coast and will fit right into the Advocate publishing family,” said Sean Murray, president and CEO of Advocate Printing, in a press release. “We are excited about the potential synergies and are confident that the stocks will thrive in a post-COVID market. We also hope that we can become a channel to promote the wonderful Atlantic Canada offerings in the New England market.

State 23 Media, a newly formed partnership, bought the magazines from the Maine Media Collective three years ago after allegations that the owner and former publisher sexually harassed an employee in 2010. The publisher apologized, but the company lost sponsors and canceled events as a result of the allegations.

” Previous

Next ”


Source link

Share.

About Author

Comments are closed.