September 2, 1998 |
Bike and Powder magazines, published in San Juan Capistrano, are heading to the mountains. Petersen Publishing, which acquired the two titles last month as part of its acquisition of Surfer Publications, is moving the offices of the two magazines to Boulder, Colo. Los Angeles-based Petersen has three other magazines based in Boulder, all devoted to in-line skating: In Line Magazine, In Line Retailer & Industry News and Box.
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.