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Petersen Publishing Co

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December 6, 1994 | From Times Staff and Wire Reports
Sassy Gets New Owner: Los Angeles-based Petersen Publishing Co. purchased the teen-age girls' magazine from Lang Communications for an undisclosed price. Petersen's magazine holdings already include Teen, another youth-oriented publication. The first issue of the new Sassy will appear on newsstands Jan. 31. Sassy will be published monthly thereafter. It will also be redesigned. Ira Garey was named publisher of Sassy.
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BUSINESS
November 6, 1998 | GREG JOHNSON, TIMES STAFF WRITER
Extreme sports such as street luge and in-line skating moved closer to the middle of the road Thursday as NBC and magazine publisher Petersen Cos. announced plans for a series of televised sports festivals that will challenge ESPN's X Games, an increasingly popular television showcase for unconventional sports. San Diego, Los Angeles, Atlanta and Miami reportedly are among U.S. cities being considered as hosts for the Gravity Games, to debut next summer.
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BUSINESS
December 20, 1996
Magazine publisher Petersen Publishing Co. was acquired for $450 million by a group led by Willis Stein & Partners of Chicago, according to a Securities and Exchange Commission filing. The deal was announced in August, but not its terms. The Los Angeles firm publishes, among other titles, Motor Trend, Guns & Ammo and Teen--whose 1.3 million circulation makes it the company's largest publication. Petersen had fiscal 1995 revenue of $213.6 million, 58% of which was from ad sales.
BUSINESS
September 2, 1998 | Rose Apodaca Jones
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.
BUSINESS
April 24, 1996 | From Times Wire Services
Magazine publisher Petersen Publishing Co. said Tuesday that it is considering putting itself up for sale, a move that would probably draw bids from some of the biggest names in publishing. Petersen, known for such varied titles as Motor Trend, 'Teen, Sport and Skin Diver, said it hired investment bankers Goldman, Sachs & Co. as a financial advisor to help it "explore strategic alternatives."
BUSINESS
August 11, 1998 | ROSE APODACA JONES, SPECIAL TO THE TIMES
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.
BUSINESS
August 16, 1996 | Times Staff and Wire Reports
Petersen Publishing Sold: The Los Angeles-based company, whose magazines include Motor Trend and Guns & Ammo, has been sold by Robert E. Petersen, who founded the company in 1947 and published his first title, Hot Rod, in 1948. The buyers are led by Willis Stein & Partners, a Chicago investment fund with large media holdings. Petersen said will remain a 10% owner of the company and keep his office and a board seat. Petersen's annual revenue is about $275 million.
BUSINESS
October 3, 1997 | From Bloomberg News
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.
BUSINESS
September 23, 1997 | (Bloomberg News)
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.
BUSINESS
November 6, 1998 | GREG JOHNSON, TIMES STAFF WRITER
Extreme sports such as street luge and in-line skating moved closer to the middle of the road Thursday as NBC and magazine publisher Petersen Cos. announced plans for a series of televised sports festivals that will challenge ESPN's X Games, an increasingly popular television showcase for unconventional sports. San Diego, Los Angeles, Atlanta and Miami reportedly are among U.S. cities being considered as hosts for the Gravity Games, to debut next summer.
BUSINESS
August 11, 1998 | ROSE APODACA JONES, SPECIAL TO THE TIMES
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.
BUSINESS
October 16, 1997 | (Denise Gellene)
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.
BUSINESS
October 3, 1997 | From Bloomberg News
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.
BUSINESS
October 2, 1997 | Bloomberg News
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.
BUSINESS
September 23, 1997 | (Bloomberg News)
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.
BUSINESS
December 20, 1996
Magazine publisher Petersen Publishing Co. was acquired for $450 million by a group led by Willis Stein & Partners of Chicago, according to a Securities and Exchange Commission filing. The deal was announced in August, but not its terms. The Los Angeles firm publishes, among other titles, Motor Trend, Guns & Ammo and Teen--whose 1.3 million circulation makes it the company's largest publication. Petersen had fiscal 1995 revenue of $213.6 million, 58% of which was from ad sales.
BUSINESS
September 2, 1998 | Rose Apodaca Jones
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.
BUSINESS
August 16, 1996 | Times Staff and Wire Reports
Petersen Publishing Sold: The Los Angeles-based company, whose magazines include Motor Trend and Guns & Ammo, has been sold by Robert E. Petersen, who founded the company in 1947 and published his first title, Hot Rod, in 1948. The buyers are led by Willis Stein & Partners, a Chicago investment fund with large media holdings. Petersen said will remain a 10% owner of the company and keep his office and a board seat. Petersen's annual revenue is about $275 million.
BUSINESS
April 24, 1996 | From Times Wire Services
Magazine publisher Petersen Publishing Co. said Tuesday that it is considering putting itself up for sale, a move that would probably draw bids from some of the biggest names in publishing. Petersen, known for such varied titles as Motor Trend, 'Teen, Sport and Skin Diver, said it hired investment bankers Goldman, Sachs & Co. as a financial advisor to help it "explore strategic alternatives."
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