August 11, 1998 |
A rapidly expanding Los Angeles magazine publisher said Monday it acquired Surfer magazine, the San Juan Capistrano-based monthly that is the oldest publication devoted to the sport. Petersen Publishing Co. said it bought Surfer Publications, which publishes Surfer and several other magazines devoted to so-called extreme sports. Terms were not disclosed. The transaction is the latest in a buying spree at Petersen, which is moving to bolster its Raw Sport Group.
October 16, 1997 |
Petersen Publishing a Los Angeles magazine publisher whose titles include Motor Trend and Hot Rod, signed a licensing agreement with Nascar to produce two magazines. Nascar Garage will provide information about Nascar racing vehicles and the people behind their technology. The publication will be distributed as a quarterly insert in seven Petersen magazines beginning in March.
October 3, 1997 |
Shares of Petersen Cos. on Thursday rose nearly 16% in their first day of trading on expectations that revenue will rise at the Los Angeles-based publisher of Guns & Ammo, Hot Rod, Teen and other magazines. Petersen shares rose $2.75 to close at $20.25 in New York Stock Exchange trading of 4.4 million shares after a $122.5-million initial public offering. Earlier, shares touched $20.63. Petersen, founded in 1948, publishes 78 special-interest magazines.
October 2, 1997 |
Petersen Cos., publisher of Teen and Motor Trend magazines, among others, sold shares in a $122.5-million initial public offering at $17.50 each, said Morgan Stanley Dean Witter, which managed the sale. The Los Angeles-based company sold 7 million Class A shares, more than the 6.25 million expected, for more than the expected range of $15 to $17 a share, in a sign of strong demand.
September 23, 1997 |
Petersen Cos., the publisher of Hod Rod, Teen, Motor Trend and Guns & Ammo magazines, reduced the amount of its initial public offering to $100 million. The Los Angeles-based company said in an amended registration filed with the Securities and Exchange Commission last week that it plans to sell 6.25 million shares at $15 to $17 each. If the shares sell for $16 each, Petersen expects to raise $92 million after expenses.
August 8, 1997 |
Magazine publisher Petersen Cos. has filed to sell stock to the public through an initial public offering of as much as $150 million. The Los Angeles-based company is a leading publisher of special-interest publications, including Motor Trend, Teen, Off-Road, Guns & Ammo, Sport and Motorcyclist. Proceeds from the deal, which could be sold in the next few months, will be used to pay off bank debt and redeem other outstanding securities.