The Palm Beach Media Group, a wholly owned subsidiary of Hour Media in Troy and publisher of Palm Beach Illustrated, Naples Illustrated, and Florida Design, has announced it has acquired the assets of Fort Lauderdale, Fla.-based Gulfstream Media Group and its family of City Regional and Home Design publications.
“Gulfstream Media is a recognized leader in their markets,” says John Balardo, president of Palm Beach Media Group and Hour Media. “This acquisition represents an ideal complement to our current roster of lifestyle and custom publications for the Florida market and our broader national footprint.”
Palm Beach and Hour will focus on enhancing client services, reader experiences, and product presence in the marketplace.
“Bernard McCormick and his family have built a group of respected publications that have been staples of the Florida publishing landscape,” says Stefan Wanczyk, CEO of Hour Media. “From the initial success of Gold Coast/Fort Lauderdale to their expansion titles Jupiter, Stuart, The Palm Beacher, and Florida Home & Garden, Gulfstream Media Group has always produced excellent work.”
Palm Beach Media Group acquired Florida Design magazine and its family of home design publications this summer.
“I felt Hour Media was the best suitor to ensure the ongoing success of our titles. I am pleased to leave Gulfstream Media Group in such capable hands,” says Mark McCormick, president of Gulfstream. “Hour Media is committed to growing the magazines and has an excellent team.”
Hour Media and its related entities publish and produce more than 150 magazines and custom titles, 40 consumer websites, and 70 shows and events across the U.S.
Hour Media Group is the largest publisher of city and regional magazines in the country. Its marquee titles include Atlanta Magazine, Cincinnati Magazine, Grand Rapids Magazine, Hour Detroit, Los Angeles Magazine, Minnesota Monthly, Orange Coast,Pasadena Magazine, Sacramento Magazine, and DBusiness magazine.
It has 13 offices in Alabama, California, Florida, Georgia, Michigan, Minnesota, New York, and Ohio with more than 350 employees across the country.