Inside Move: Primedia poised to buy Kagan

Deal in final negotiations

Paul Kagan, owner and chief of well-known media-research firm Paul Kagan Associates in Carmel, is in final negotiations to sell the business he founded some 25 years ago to publishing conglom Primedia for $20 million-$30 million.

Negotiations for a detailed agreement have been ongoing for several months, with a stock-based transaction anticipated any day. Kagan is expected to get a three- to five-year employment contract to continue running his firm.

In addition to acting as a research consultancy, Paul Kagan Associates offers an array of media investment newsletters and related publications, and stages high-profile financial seminars. Kagan owns virtually all of the firm, which enjoys annual revenue exceeding $20 million.

New York-based Primedia owns a group of consumer mags including New York, Seventeen and Modern Bride. Its chairman and CEO is Tom Rogers, former NBC Cable topper until last year.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More News from Variety

Loading