Change of Ownership of Knighthouse Media Group

eTradeWire News/10555490
Three Crowns Holdings Ltd is pleased to announce the sale of Chicago based Knighthouse Media Inc to Media Growers LLC.

NORWICH, U.K. - eTradeWire -- As part of this transaction, Three Crowns on behalf of its subsidiary Schofield Publishing Ltd, has purchased the following magazines from the Knighthouse portfolio; Manufacturing Today, Construction Today, Food & Drink, Retail Merchandiser, Energy & Mining International, Transportation & Logistics International, Franchising Today and Supply Chain World magazine.

 Andrew Schofield, CEO of Three Crowns commented:

"Media Growers LLC were quick to recognise the pedigree of Knighthouse Media and have already embarked on an ambitious plan to build on its historic success through the launch of exciting new digital media products."

Joe Woolsgrove, MD of Schofield Publishing Ltd commented:

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"We are delighted to have taken the opportunity to purchase these iconic, industry focused, titles to strengthen and complement our broad range of European magazines.  We will be undertaking an extensive campaign to relaunch each title, starting this summer, and look forward to being able to offer our customers far greater reach across the North America markets."

About Three Crowns:

Three Crowns offers patient and flexible capital, with a focus on investing in media and technology companies in the middle market, which have proprietary technology or best-in-class content distribution platforms.

Website: www.3crownsholdings.com

Media Contact: Joe Woolsgrove, Managing Director jwoolsgrove@schofieldpublishing.co.uk

Contact
Libbie Hammond
***@schofieldpublishing.co.uk


Source: Three Crowns
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Filed Under: Media, Publishing

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