NewBay Media Collects Music Mags
January 18, 2012- Share:
Wicks Group Of Companies-backed NewBay Media has acquired the Future US (US Music Division). The terms of the deal involve $2.6 million in cash to be paid at close, plus contingent payouts of $150,000 in September and $250,000 in the third quarter of 2012. Future's US Music Division publishes guitar magazines, including Guitar World, Revolver and Guitar Aficionado, along with providing related digital content and hosting live events.
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