GTCR, fresh from the consoldation of Cision and Vocus, is moving to acquire Gorkana Group, the British PR database/monitoring company.
The Chicago-based private equity firm has reportedly entered exclusive negotiations to hammer out a deal that could be worth $250M.
The firm's blueprint calls for the integration of Cision and Vocus PR software/services firms under the Cision banner in 50,000 square ft of space at One Prudential Plaza in the Windy City.
Vocus is currently based in Beltsville, MD, while Cision is headquartered in Stockholm.
Peter Granat, CEO of the integrated operation, announced plans to drop the Vocus name at PRSA's annual conference in Washington on Oct. 13.
Cision and Gorkana are gold sponsors of DC festivities.
Granat and Jeni Chapman, US managing director at Gorkana, had prime exposure, speaking from from the ballroom stage during the event.
Granat challenged the audience to guess the new name of his company and extended an invitation to a reception later on Oct. 13 to mark the moniker's unveiling.
Chapman introduced "Good Morning America" anchor Amy Robach at the conference.
GTCR Targets Gorkana
Tue., Oct. 14, 2014
By Kevin McCauley
Category: Media News
More Media News posts from O'Dwyer's:
| • | Trump Media Suffers $58M '23 Loss on $4M RevsMon., Apr. 1, 2024
|
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.| • | Assange Gets US RepresentationTue., Feb. 13, 2024
|
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”| • | Media Maneuvers: Paramount Global to Ax 800 JobsTue., Feb. 13, 2024
|
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.| • | Article Readership Peaks Within Three DaysThu., Feb. 8, 2024
|
The majority of news articles are read within the first three days of publication, according to a recent report.| • | Media Maneuvers: LA Times Sheds 20% of Newsroom StaffThu., Jan. 25, 2024
|
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
Have a comment? Send it to 
No comments have been submitted for this story yet.