As reported in September, Rogers Media had planned to sell off their B2B media brands as they focus in on their consumer titles. These changes to their magazine portfolio according to Rogers were to address the ongoing challenges facing the print media industry. They will focus on consumer brands that are centred on five content pillars: Entertainment, Lifestyle, Parenting, News & Current Affairs, and Sports. This is a sad time as these brands link back to the Maclean Hunter era of Canadian Publishing and a lot of good people will be looking for work as the industry goes through a consolidation period.
The B2B brands that are up for sale are Cosmetics/Cosmetiques, The Medical Post, Canadian Grocer, Benefits Canada, Canadian Insurance Broker, Advisors Edge, Advantages, Corporate Risk, Conseiller, Pharmacy Practice+, Professional Santé , Quebec Pharmacie , Monday Report (on Retailers) and Marketing Magazine.
Here is what we have learned since that announcement was made in the past month
Canadian Cosmetic, Toiletry, and Fragrance Association (CCTFA) acquired Cosmetics and Cosmetique.
Marketing Magazine was sold to a competitor Brunico Communications that are the publishers of Strategy Magazine. The sale included all assets of the marketing segment of Rogers Media’s publication business, including CARDonline (CARD) and the National List of Advertisers (NLA).
Ensemble IQ a firmed based in Chicago with an office in Toronto has purchased Canadian Grocer, Monday Report (on Retailers), Pharmacy Practice+, Profession Santé, Québec Pharmacie and The Medical Post (including CanadianHealthcareNetwork.ca and ProfessionSante.ca) . According to their press release, the acquired brands provide a strategic complement to EnsembleIQ’s Canadian brands that include Pharmacy Business, PharmacyU.ca and Your Convenience Manager, as well as EnsembleIQ’s U.S. media titles that include Progressive Grocer, Shopper Marketing, Retail Leader, Convenience Store News and The Gourmet Retailer.The other brands yet to be sold are as of this article are Canadian Insurance Broker, Benefits Canada, Advisors Edge, Advantages, Corporate Risk and Conseiller, We will keep you posted as we learn more as a sales announcement will be announced shortly.
Transcontinental Media G.P., a subsidiary of Transcontinental Inc. announced on December 1 the acquisition of all B2B brands of the Advisor and Financial Services Groups from Rogers Media Inc. The brands are Advisor’s Edge and Advisor’s Edge Report (advisor.ca), Conseiller and Le journal du Conseiller (conseiller.ca and conseiller.ca/pme), Benefits Canada (benefitscanada.com and smallbizadvisor.ca), Avantages (conseiller.ca/avantages), Canadian Insurance Top Broker (CITopBroker.com), Canadian Investment Review (InvestmentReview.com) and Canadian Institutional Investment Network (institutionalinvestmentnetwork.ca).
The Restructuring of Rogers Media Continues – L’Actualité is sold and Rogers Magazine Services closed
Rogers Communications announced earlier this year that it was closing its French-language magazines L'actualité, Chatelaine, and Loulou. It has since decided to keep Chatelaine operational, and has sold L'actualité to Montreal businessman Alexandre Taillefer. Taillefer's company, XPND Capital, also owns a significant amount of stock in Voir Communications, publisher of the alternative bi-weekly Voir and its annual restaurant guide. Taillefer as reported by CTV News is going to renegotiate the employment contracts for the magazine's 20 employees as. It has also been reported that Rogers’ media has also closed is digital newsstand Rogers Magazines Services on December 12 as reported in http://canadianmags.blogspot.ca/
|Marty Seto says:|