Publisher Rodale, which pioneered the organic movement with its mission to “inspire health, healing and happiness in the world. Starting with you," has hired investment banker Allen & Co. to explore strategic alternatives.
Currently known for titles such as Prevention, Women’s Health, Men’s Health, Runner’s World and Bicycling, Rodale says it engages 100M customers via channels including magazines, online, books, e-commerce, events, video, mobile and direct-to-consumer.
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Allen & Co. will consider options such as the sale of the company, divestiture of individual properties and continuation of Rodale’s business plan.
“We believe that Rodale’s brands can continue to expand and deeper their connectivity with consumers across all platforms through targeted investment and expertise in leading edge technology, brand building and commercialism,” Maria Rodale, CEO said in a statement.
Rodale book titles include Jessica Alba’s “The Honest Life,” Al Gore’s “An Inconvenient Truth,” Alicia Silverstone’s “The Kind Diet,” and Howard Schultz’’s “Onward.”
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.
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.”
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The majority of news articles are read within the first three days of publication, according to a recent report.
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.
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