NewBay Media Acquires IMAS Publishing
July 11, 2007
IMAS Publishing (USA) Inc., publisher of TV Technology and other professional audio and video magazines, newspapers and online content, has been acquired by NewBay Media LLC after 31 years of ownership by founder Stevan B. Dana.
"IMAS and NewBay fit wonderfully together — we welcome the IMAS team to NewBay," stated NewBay CEO Steve Palm. "The combination of NewBay and IMAS creates a clear leader in the audio, video, and broadcast markets and the ability to offer an ever-growing array of media and information solutions to our readers, marketing partners and advertisers — both here in the U.S. and around the world. IMAS's global publishing and distribution capabilities offer us exciting new opportunities to expand NewBay's brands internationally."
The asset sale encompasses all U.S. and international print and online editions of TV Technology and Radio World, as well as Pro Audio Review, Audio Media and Broadcast & Production Italia. NewBay will also take over the IMAS offices in Italy, the United Kingdom and Virginia.