Publishing has made some major pivoting with online content, but the overarching message in this episode is that publishing is certainly not dead but, on the contrary, is very alive and thriving. Andrew and Jessica bring two amazing guests, one of them being Gary Press, who used to be the publisher of the South Florida Business Journal and is the best guy to talk about specialty publications. Andrew also talks with Jeanne Straus, CEO of Straus News, a network of community newspapers in the Northeast. The amount of content that is out in the world today has increased dramatically and the valuation of the publishing industry shows three to six times SDE or four to seven times EBITDA, which are really strong valuations for any industry. Listen to this episode and find out why the publishing industry is a resilient one.
[5:58] Jeanne Straus CEO of Straus News.
[6:48] Why the publishing industry is a great one.
[8:45] Independently owned newspapers in New York.
[10:32] Print is far from dead.
[12:06] Profits from the publishing industry.
[13:45] Jeanneâ€™s advice to someone thinking of starting in the publishing world.
[15:08] Deal of the week: Patrick Bombardiere (Denver). Neighborhood Magazine. Lots of local advertisers and content. Buyer from the same time. 50/50 cash and seller carry, 2-year balloon. SDE $120,000. Listed at $350,000. Sold at $240,000.
[20:18] Gary Press, Lifestyle Media Group.
[21:30] The resilience of magazines.
[22:14] Garyâ€™s experience with the Business Journals.
[23:52] The magazines are a labor of love.
[25:58] The printing business pivoting to help clients better.
[28:21] Buying niche publications.
[31:59] What is in the near future for the publishing industry?
[33:34] The growth is in the digital world.
[35:45] Listing of the week: Treve Kinsey (Florida). Private Schools Guide. Listed at $499,000, making about $150,000 per year. Owners are ready to retire. Call Ray at 904-885-3277, or email email@example.com.
Mentioned in this episode:
Treve Kinsey (Florida). Private Schools Guide. Listed at $499,000, making about $150,000 per year. Located in Florida, but it can be duplicated in any location. It is trademarked, potential national expansion, currently in three markets. Owners are ready to retire. Call Ray at 904-885-3277, or email firstname.lastname@example.org.
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