Berkery, Noyes & Co., LLC, the leading independent investment bank serving the media, information and technology markets, announces that it represented Washington, DC-based Restore Media, LLC, an integrated media company dedicated to serving the building restoration, renovation, and historically inspired new construction market, in its sale of Old-House Journal and Old-House Journal’s New Old House publications and its affiliated web sites to Active Interest Media. Terms of the transaction were not disclosed.
Old-House Journal is the original home-restoration magazine. The bi-monthly magazine provides hands-on information and inspirational stories to those who own older homes with an eye toward renovation and ongoing maintenance and care. Old-House Journal’s New Old House is written for consumers who have a passion for new houses that offer the style, design, and décor of traditional and period architecture.
“These brands have found the best home to build upon their strong and loyal audience to grow to the next level,” said Kathleen Y. Thomas, the Managing Director of Berkery, Noyes & Co., LLC who handled the transaction.
“Active Interest Media shares our publishing philosophy,” said Michael Tucker, Founder and CEO of Restore Media. “We excel at providing unique and vital information to subscribers and newsstand buyers. AIM is a perfect fit for readers and advertisers alike.”
Aim President and CEO Efrem “Skip” Zimbalist III said, “Old-House Journal and Old-House Journal’s New Old House are tremendous magazines with strong growth potential. They exemplify what all our titles do best: engage and inspire passionate and dedicated readers, who respond to great editorial and its accompanying niche advertising.”