Vogel declined to offer specifics on deal terms, but says, “We all think it was a fair price for a highly profitable asset and we intend to ratchet up our return on investment by launching significant digital assets by January 2016.” The 12-year-old SagaCity first launched Portland Monthly in 2003 and has since bought or launched its way across the country. The company also has titles in Seattle, Houston, Aspen, Vail and Park City. Gulfshore group publisher Kelley Lavin, editorial director Pam Daniel and creative director Gigi Ortwein will remain on board after the deal. Vogel says that the rest of the employees will also stay and more positions will be added to the digital team. “We are also giving raises to about one-third of the staff to bring them to our Sagacity levels,” she adds. In 2012, Denton then sold his Gulfshore titles, including Gulfshore Life, Gulfshore Business and annual titles Gulfshore Life at Home and Forever Young, to Hadley Capital-backed Open Sky Media. Denton then purchased Venice Magazine in mid-2014. Gulfshore Media has been through a couple of acquisitions in the last 11 years. Company founder Dan Denton sold the titles to CurtCo in 2004 and then bought them back six years later. Terms of the deal were not released, but SagaCity will focus on expanding the digital platform for the Sarasota brands. Investments in responsive design, database technology, mobile and social media that the company has already made with its existing brands will be carried over to the Sarastota portfolio, Nicole Vogel, SagaCity’s president, tells Folio:. SagaCity Media, a city and regional publisher based in Portland, Oregon, is set to announce today that it’s acquired the Sarasota magazine brands from Gulfshore Media. Included in the deal are the flagship Sarasota Magazine, Biz (941), SEE Sarasota, Sarasota Health and Venice Magazine. The Sarasota deal marks the company’s second sizeable acquisition to date and brings the total title count to 82, says Vogel, which includes a significant number of custom publications.
Profit surges at Hilton, Hyatt100 viewsProfit surges at Hilton, Hyatt100 views00:00 / 00:00- 00:00:0000:00Profit surges at Hilton, Hyatt100 viewsBusinessMore travelers paying higher rates for rooms drove revenue and profit sharply higher at HIlton Worldwide. Business travel spurred by the strong U.S. economy drove up occupancy at the owner of theVentuno Web Player 4.50More travelers paying higher rates for rooms drove revenue and profit sharply higher at HIlton Worldwide. Business travel spurred by the strong U.S. economy drove up occupancy at the owner of the
Karan OberoiInstagramTelevision actor and singer Karan Oberoi, who was accused of rape and blackmail by a female friend, has been granted bail on Friday, June 7 by the Bombay High Court. The high-profile case has had many twists and turns, giving rise to the debate on the #MenToo movement as far as sexual harassment is concerned.Karan Oberoi had been arrested for the alleged rape and blackmail of a female astrologer in Mumbai on May 6 and sent to 14 days’ judicial custody. In a very filmy twist to the tale, the complainant was attacked and it turned out that the goons attacking her were sent by her own lawyer, Ali Kashif Khan. On June 3, Khan surrendered before Oshiwara police. He was arrested and later granted bail by the Andheri court.Karan Oberoi’s friend and actress Pooja Bedi was the first to come out in support of him, saying he has been victimised by a woman who was in love with him. Karan’s sister Gurbani aka Vani, and his band members from Band of Boys, Sudhanshu Pandey, Chintoo Bhosle and Sherrin Verghese also spoke for him at a press conference soon after his arrest.Reports said the complainant had met the accused via a dating application in 2016, after which he promised to marry her. A report in Mumbai Mirror, without naming the actor, had said that the Oshiwara police had registered a first information report (FIR) against the actor-singer for allegedly raping an astrologer under the pretext of marrying her. The victim has also alleged that he had recorded a video on his mobile phone. This happened after he allegedly sedated her with spiked coconut water in his flat. He later allegedly extorted money from her.Much of this has turned out to be a conspiracy after the accused submitted WhatsApp chats with the complainant, clearly showing her one-sided interest in him and that he had never promised to marry her. Vani also confirmed that Karan and the complainant were never intimate.Karan Oberoi acted in the recent web series Inside Edge. He was also seen in the popular TV series like Jassi Jaissi Koi Nahin and Saaya, apart from singing with Band of Boys.
An old woman crying as her house torched at Harkali Thakurpara in Rangpur on Friday. Photo: Moinul IslamA man was killed and 20 others including four policemen injured in a clash between law enforcers and locals at Thakurbari village in Sadar upazila of Rangpur on Friday over a youth’s Facebook post ‘demeaning’ Prophet Hazrat Muhammad (PUBH), reports UNB.Additional superintendent of police (Circle A) Saifur Rahman said Titu Chandra, a resident of Thakurbari village, has posted a picture in his Facebook account with derogatory remarks about Prophet Hazrat Muhammad (PUBH).Over the issue, several hundred people gathered at Pagla Pirer Bazar, adjacent to Thakurbari village, after Juma prayers and started chanting slogans demanding immediate arrest of Titu Chandra, he said.Later, around 8,000 people from nearby villages thronged the bazaar and marched towards Thakurbari village, a Hindu-dominated village.Reaching the village, the angry people vandalised and torched 8-10 houses of the Hindu community, the additional SP said.On information, police rushed in, charged baton, fired rubber bullets and lobbed teargas canisters to disperse the agitating people, leaving six people injured with bullets.One of the injured — Hasan — died while being moved to Rangpur Medical College Hospital, Saifur said.Later, the angry mob blocked Rangpur-Syedpur road and vandalised several moving vehicles.Saifur said additional police personnel were called in to bring the situation under control.