July 8, 1996 |
K-III Buys Football Magazine: K-III Communications Corp. said it had acquired Pro Football Weekly from its owners--USA Sports, PFWA Investors and Jones Sports--for an undisclosed amount. Chicago-based Pro Football Weekly, which has a distribution of about 100,000 copies, also publishes other football-related publications, operates a radio and television syndication business and distributes news and statistics to newspapers and information services.
March 12, 1997 |
Magazine publisher and mass-media company K-III Communications Corp. said it will restructure, selling non-core businesses such as the Daily Racing Form and Pro-Football Weekly, and offer an additional 12.5 million shares of its common stock in a public sale. The New York-based owner of the Channel One educational TV channel and specialty consumer magazines could reap anywhere from $250 million to $350 million from the sale, analysts said.
September 6, 1995 |
K-III Plans First Stock Offering: K-III Communications Corp., which is controlled by buyout specialist Kohlberg Kravis Roberts & Co., made the disclosure in a registration statement filed with the Securities and Exchange Commission. The New York-based media company owns the Channel One school news program, Weekly Reader, Seventeen magazine and the Daily Racing Form.
March 12, 1997 |
The Daily Racing Form, a newspaper whose endless columns of small tabular type are supposed to guide horseplayers to winners at the track, may be sold for the third time in the last 10 years. K-III Communications Corp. announced Tuesday that the Racing Form, first published in 1894, is for sale. Bill Dow, president and chief executive officer of the Racing Form, said from his office in Phoenix, Ariz.
August 10, 1994 |
Whittle Communications, in a move that all but ends entrepreneur Christopher Whittle's dream of building a new kind of media empire, is close to selling the Whittle Educational Network to publishing giant K-III Communications Corp. for nearly $300 million, executives close to the negotiations confirmed Tuesday. The sale is the latest and most dramatic downshift yet for Knoxville, Tenn.