NEW YORK: Haymarket Media, the parent company of PRWeek, has acquired DM News from Courtenay Communications Corporation.
Founded by Adrian Courtenay, DM News was launched in 1979 and consists of DM News' print edition, a weekly tabloid with a circulation over 50,000; the DM News Essential Guide series; Web site DMNews.com; and six e-mail newsletters.
Haymarket Media is the US subsidiary of London-based Haymarket Media Group, owned by the Rt. Hon. the Lord Heseltine CH.
"DM News is a perfect fit not just next to our US brands PRWeek and Medical Marketing & Media, but also alongside our direct and other marketing brands worldwide," said Haymarket Media CEO William Pecover, in a statement.
"Haymarket has the resources necessary to exploit these opportunities and take DM News to the next level," Courtenay said, in a statement. "I'm confident that the DM News brand will be in good hands."
Courtenay will serve as a consultant to Haymarket for the balance of 2007. Details of the transaction are not disclosed.