NewBay Media sells Revolver magazine to Project M Group LLC; Gulf Publishing Company acquires Oildom Publishing
The bi-monthly rock and heavy metal magazine, founded in 2000, at one time was owned by Future US, but the music titles were sold to NewBay Media in 2012
The bi-monthly rock and heavy metal magazine Revolver has been acquired by Project M Group, LLC. from owner NewBay Media. The new owner plans an announcement soon.
“I’m very excited to take the reins at Revolver once again and to be reunited with Jimmy as we continue our mission to tell the most compelling stories about the metal music and lifestyle that we love,” said Geist in a statement. “Revolver is about to come back stronger than ever and I think our fellow metal diehards will be just as stoked as I am when they see what we have in the works. Look out for a big relaunch this fall.”
The magazine, founded in 2000, has already changed hands a few times. Its original owner, Harris Publications, sold it to Future US when that publisher was heavily invested in music titles. Then NewBay Media acquired it in 2012.
NewBay Media confirmed that they will retain the remaining brands in their music portfolio, which include Bass Player, Electronic Musician, Guitar Aficionado, Guitar Player, Guitar World, Keyboard, and in the UK MI Pro and Music Week.
One sale that is confirmable is that Gulf Publishing Company has acquired Oildom Publishing, which publishes the B2B titles Pipeline & Gas Journal, Pipeline News and Underground Construction.
Here is the announcement:
Gulf Publishing Company Acquires 109-Year-Old Oildom Publishing; Creates Largest Energy Media Company Serving Upstream, Midstream, Downstream Sectors
HOUSTON, Texas — May 1, 2017 — Gulf Publishing Company announced today the acquisition of Oildom Publishing Company of Texas, Inc. to create the world’s largest independent media company devoted exclusively to the international energy industry.
Through the acquisition, Gulf Publishing Company enhances its presence in the midstream and utility sectors with three well-known industry trade journals and two major industry conferences.
“The addition of Oildom is part of our strategic plan to expand as the leading provider of business and technical knowledge in the global oil and gas industry,” said John Royall, president and CEO of Gulf Publishing Company. “We are the go-to resource for our clients and Oildom’s people, products and services are an excellent complement to our organization as they extend our global leadership to the midstream and utility sectors.”
Last year, Gulf Publishing Company’s management team completed a buyout of its energy information business from its former London-based parent to create an independent Houston-based company. The company continues to publish its three energy magazines including World Oil, Hydrocarbon Processing and Gas Processing, and through its management buyout added the London-based oil and gas business and strategy journal Petroleum Economist. Today’s acquisition of Oildom adds Pipeline & Gas Journal, Pipeline Newsand Underground Construction to Gulf Publishing Company’s portfolio.
Gulf Publishing Company also produces events and data intelligence for the energy industry. The acquisition of Oildom includes the Underground Construction Technology International Conference for those involved in building and maintaining underground infrastructure, and the Pipeline Opportunities Conference, the only event dedicated solely to the pipeline industry.
Family-owned Oildom Publishing was founded by the grandfather of Oliver Klinger III who retired as owner and president through the acquisition. He will remain involved in a consulting and advisory capacity.
“My main objective in transitioning ownership of Oildom is to ensure the continuation of the legacy started by my grandfather 109 years ago,” said Klinger. “With Gulf Publishing Company, we have found a capable and knowledgeable home for our employees, readers and advertisers.”
Oildom’s Publisher Cleve Hogarth will continue in his role and is confident in the continued growth of the combined organization.
“The acquisition by Gulf Publishing Company is the right thing for Oildom and it comes at the right time in our rich history,” said Hogarth. “Combining with Gulf Publishing’s strong capabilities in digital, data management and global reach allows us to take the Oildom media brands to the next level.”
The acquisition was led by Royall and Houston investor Russell Denson, with financing from Main Street Capital Corporation. Denson is a veteran of the publishing industry and serves as chairman of Gulf Publishing Holdings, the parent company of Gulf Publishing Company.
“Oildom is an excellent publisher and has been the leader in its field under the ownership of Ollie Klinger and the direction of Cleve Hogarth,” said Royall. “The expanded resources of our organization will help grow existing products and launch new products. We are very excited about this acquisition and what it means for the future of Gulf Publishing Company.”
Gulf Publishing Company is exhibiting at the 2017 Offshore Technology Conference in Houston, May 1-4, at the World Oil booth #1905.