The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Ignites' Publisher is Sold ... Again Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, July 24, 2015

Ignites' Publisher is Sold ... Again

News summary by MFWire's editors

For the second time in less than eight years the publisher of Ignites has a new corporate parent. Thursday Nikkei Inc won the bidding war for Pearson's Financial Times Group after an "eleventh hour" bid in which it agreed to pay 844 million (that works out to $1.31 billion at current exchange rates).

The sale includes New York City-based Money-Media, the publisher of Ignites and FundFire. Money-Media is part of the Financial Publishing Group that is made up of The Banker, Investors Chronicle, MandateWire, and more along with Money-Media. The Financial Times Group also covers : FT newspaper, FT.com, How to Spend It, FT Labs, FTChinese, Medley Global Advisors, and the Confidentials.

There had been some speculation within the publishing industry that the FT Financial Publishing Group could be sold separately from the FT Newspaper, but that did not happen. Pearson did sell MergerMarkets -- another business-to-business unit -- to BC Partners for 382 million in November 2013. That amount ended up being nearly half of what Pearson obtained for the remainder of the FT Group.

What the sale to the Japanese-based Nikkei means to Money-Media is not known.

Dan Fink, managing director of Money-Media, was not immediately available for comment on the sale. Nor were spokespeople for Pearson PLC.

Tokyo-based Nikkei beat out Germany's Axel Springer on the deal, reported the FT itself.

Money-Media last changed hands at the start of 2008 when its founder Mike Griffin sold it to Pearson PLC for what Pearson later disclosed to be $63 million. At that time Money-Media had $16.8 million in revenue.

How much those earnings have grown (or diminished) has not been disclosed by Pearson since 2008. 

Correction: A prior version of this story mislabeled a revenue figure as something else, gave the wrong title for Dan Fink (he's managing director of Money-Media), and gave the wrong timeframe since the last sale of Money-Media.

Edited by: Sean Hanna, Editor in Chief

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. The 32nd Sub-Advised Funds Forum, Sep 20-21
  2. Crane's Money Fund Symposium, Sep 21-23
  3. Expect Miracles Foundation's 4th Annual Atlantic Coast Classic, September 21
  4. ICI 2021 Virtual Tax and Accounting Conference - Day 1, September 21
  5. MFDF webinar - the Nuts and Bolts of SPACs, September 22
  6. Morningstar Investment Conference, Sep 22-24
  7. Nicsa webinar - Listen, Learn & Lead | Utilizing Beneficial Partnerships, September 22
  8. MFDF Director Discussion Series - Open Forum via Zoom, September 23
  9. MMI Distribution Leadership Forum - Day 2, September 24
  10. Citywire Greenwich Harbor Retreat 2021, Sep 27-28
  11. Inside ETFs, Sep 27-29
  12. MFDF webinar - MPI's 2021 Mid-Year Survey of Investment Firm Profitability, September 28
  13. ICI 2021 Virtual Tax and Accounting Conference - Day 2, September 28
  14. IMEA In-Person Leadership Summit, September 29
  15. ALFI Digi Pulse USA, September 30
  16. ICI 2021 Virtual Tax and Accounting Conference - Day 3, October 5
  17. Nicsa 2021 General Membership Meeting, Oct 6-8
  18. MFDF webinar - BDCs 101: The Board Perspective, October 13
  19. MFDF Director Discussion Series - Open Forum (New York), October 14
  20. Fund Intelligence Mutual Fund Industry and ETF Awards, October 14
  21. 2021 Nicsa GMM - Digital Innovation Summit, October 19
  22. 2021 MMI Annual Conference, Oct 20-28
  23. Tiburon CEO Summit XLI, Nov 1-3
  24. MFDF webinar - ISO Crypto Exposure: What Boards Need to Know, November 9
  25. MFDF Director Discussion Series - Open Forum via Zoom, November 18
  26. MFDF webinar - Fund Industry Claims Trends: An Insurer's Perspective, December 2

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use