PALM BEACH MEDIA GROUP ACQUIRES FLORIDA DESIGN MAGAZINE

Published Tuesday, July 2, 2019

Palm Beach, Florida–based lifestyle magazine publisher assumes ownership of the award-winning home design magazine, related titles, and websites.

Palm Beach— 7/2/2019.  Palm Beach Media Group, a wholly owned subsidiary of Hour Media, and publisher of the award winning Palm Beach Illustrated and Naples Illustrated, announced today that it has acquired the assets of Florida Design magazine and its family of home design publications.

“We are thrilled with this addition to our growing roster of publications,” said Terry Duffy, Group Publisher of Palm Beach Media Group.

“Florida Design is a recognized leader in the design category,” said John Balardo, President of Palm Beach Media Group and its parent, Hour Media. “This acquisition represents an ideal complement to our current lifestyle and custom publications for the Florida market and our broader national footprint.”

“I’ve been an avid fan and subscriber to Florida Design for over 20 years. I firmly believe it’s the best Interior Design and Furnishing magazine in Florida, if not the country,” said Stefan Wanczyk, CEO of Hour Media. “That the publication has subscribers across the United States and overseas speaks volumes about the quality that Jeff Lichtenstein and his family brought to the magazine. I have been envious of this magazine for years and now I am proud to say that our company is the new owner and steward of this iconic brand.”

Palm Beach Media Group and Hour Media, will focus their considerable resources to enhance client service, reader experience, and product presence in the marketplace.

“I felt Hour Media was the best suitor to ensure the magazine’s ongoing success. I am pleased to leave Florida Design in such capable hands,” said Jeff Lichtenstein, President of Florida Design. “Hour Media is committed to growing the magazines and has an excellent team.”

About Hour Media and its related entities

Hour Media and its related entities are multi-media companies that publish and produce more than 140 magazines and custom titles, 37 consumer websites, and 65 shows and events throughout the United States. Hour Media Group is recognized as an influential publisher of city, regional and custom publications, including the marquee titles, Atlanta Magazine, Cincinnati Magazine, Grand Rapids Magazine, Hour Detroit, Los Angeles Magazine, Minnesota Monthly, Naples Illustrated, Orange Coast, Palm Beach Illustrated, Pasadena Magazine, and Sacramento Magazine. The company has offices in Alabama, California, Florida, Georgia, Michigan, Minnesota, New York, and Ohio, with more than 300 employees across the country.

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Investors

Aerojet Rocketdyne Bank of America BB&T CareerSource Centennial Bank
DePuy Synthes Power Tools, a Johnson & Johnson Company Engel & Volkers Palm Beach Equestrian Center Florida Crystals Corporation FPL
GL Homes GliddenSpina + Partners Greenberg Traurig Gunster Hardrives, Inc.
HCA Palm Beach Hospitals Hedrick Brothers Construction J.C. White JP Morgan Chase LRP Publications
MBAF Minto Communities, LLC NCCI NextGen Mgmt dba DxWeb Management, LLC Nova Southeastern University
Palm Beach Aggregates, LLC Palm Beach County Board of County Commissioners Palm Beach Park of Commerce Pratt & Whitney (A United Technologies Company) Raymond James Financial Services/Boynton Financial Group, Inc.
RSM South Florida Business & Wealth Magazine South Florida Business Journal TD Bank Tortoise Properties
Wells Fargo & Company Wexford Capital