12 /01 2016
Artnews Ltd. Names Vincent Fremont as CEORozwiń
Art Industry Veteran Will Oversee U.S. Strategy of Leading Publisher of Art News, Reviews, and Information
New York, NY – January 12, 2016—Vincent Fremont has been named CEO of ARTnews Ltd., effective immediately. Dan Gardner, chairman of the supervisory board of parent company Artnews S.A. said today: “Vincent Fremont is a widely respected 40-year veteran of the New York contemporary art scene, dating back to his days working alongside Andy Warhol. We are thrilled to have his experience and vision at the helm overseeing our U.S. business.”
“This is an exciting new chapter for me,” said Fremont. “There’s a remarkable opportunity here to build upon the rich editorial history of Art in America, ARTnews, The Magazine Antiques, and MODERN, while enhancing the company’s digital offerings and spearheading new initiatives.”
Fremont was instrumental in establishing the Andy Warhol Foundation for the Visual Arts, following the artist’s death in 1987. The foundation has served as a template for later artists’ foundations. Fremont was the foundation’s exclusive sales agent for Warhol paintings, drawings, and sculptures from 1991 to 2010. Prior to Warhol’s death, Fremont served as vice president of Andy Warhol Enterprises and executive manager of the Andy Warhol studio. He co-directed and co-produced the documentary film Pie in the Sky: The Brigid Berlin Story (2000) with his wife, Shelly Dunn Fremont.
“Vincent’s strategic business acumen, along with his dedicated commitment to the arts, makes him the perfect choice as CEO. He brings years of experience working with artists, art dealers, and writers, and will be a tremendous asset to the media company,” said Peter M. Brant, chairman of Brant Publications, which is the largest controlling shareholder of ARTnews Ltd.’s parent company, Artnews S.A.
In this new leadership role, Fremont will provide a cohesive vision and strategy for ARTnews Ltd. and its four art media titles. While each print publication will retain its own distinct identity, brand, and editorial content, Fremont will focus on building upon combined strengths to further develop new revenue streams, as well as editorial and digital offerings.
Following the October 2015 merger of art media titles held by BMP Media Holdings LLC and Artnews S.A., the combined company emerged as the world’s leading publisher of art news, reviews, and information. Both Art in America and ARTnews have been in print for over 100 years and have the most complete archive of art history and events of the past century, and also offer the most comprehensive coverage of the classical, modern, contemporary, and decorative arts fields. Art in America maintains profitability and growth with 80 percent of readers purchasing annual subscriptions, evidence of passionate reader loyalty. Noted for its editorial excellence, ARTnews has received over 40 journalistic prizes, and ARTnews.com, focused on breaking news, analysis, and criticism on a daily basis, continues to be one of the fastest growing art news sites, with more than 7 million page views last year. The Magazine Antiques, the leader in the field of fine and decorative arts for 94 years, keeps past and present in lively touch with one another six times a year. Since its inception seven years ago, MODERN has become essential reading in the design field and continues to be printed quarterly.
About ARTnews Ltd. and Artnews S.A.:
Headquartered in New York, ARTnews Ltd. is the U.S. arm of parent company, Artnews S.A., the world’s leading print and the fastest growing online art media business including print magazines Art in America, ARTnews, The Magazine Antiques, MODERN, and Art & Business, digital properties www.ARTnews.com and www.artbiznes.pl, and Skate’s Art Market Research business intelligence unit. Artnews S.A. is publicly listed on the Warsaw Stock Exchange (WSE:ATN) and its controlling shareholder is BMP Media Holdings LLC, owned by Brant Publications, Inc. For more information, visit http://investor.artnews.com.
30 /11 2015
Artnews CEO ResignsRozwiń
November 30, 2015 – Following the acquisition of the majority ownership interest of Artnews S.A. by BMP Media Holdings LLC, the Supervisory Board of Artnews S.A. has agreed on a number of management changes aimed to reflect the new structure of the company.
The Supervisory Board has accepted the resignation of Ms. Izabela Depczyk from the position of the President of the Management Board and CEO of Artnews S.A. in consideration of her desire to pursue other career opportunities and projects.
“Over the last two years Izabela led the company through a complete transformation from a local Polish, small scale, art business into the world’s leading art media company — Artnews S.A. On behalf of the Supervisory Board and all of the Artnews shareholders, I would like to congratulate and thank Izabela for her clear vision and unwavering determination to get things done and to wish her all the best in her new professional endeavors,” – commented Dan Gardner, Chairman of the Supervisory Board at Artnews S.A.
“It was a privilege for me to work with all the great people at Artnews S.A. on both sides of the Atlantic and to lead the transformation of our flagship brands of Artnews, Art & Business and Skate’s into vibrant, market-defining art media properties, culminating with the last month’s mile-stone merger with the art media assets acquired from BMP Media Holdings LLC (i.e. Art in America, The Magazine Antiques and The Modern). As I consider my mission at Artnews fully accomplished I would like to thank all of my colleagues, clients, shareholders and partners for this unforgettable opportunity and a fantastic journey,” commented Ms. Depczyk.Read more
13 /11 2015
Artnews S.A. Doubles Revenue in 9M 2015 to PLN 25.3 MillionRozwiń
PLN 35M Revenue Guidance for Full Year 2015 Remains on Schedule
Warsaw, November 13, 2015 – Artnews S.A., the Warsaw Stock Exchange listed art media firm with its primary operations in New York, USA is reporting financial results for the nine months period ending September 30, 2015, the last reporting period before consolidation of BMP Art Media Companies acquired on October 8, 2015:
- 9 months total revenue is PLN 25.3 million, 99.7% up to the same period of 2014, largely driven by the full effect from consolidation of Artnews Ltd in the US (consolidated in May 2014), strong growth in digital revenue and weakening Polish Zloty exchange rate to US Dollar, the major revenue currency of Artnews;
- High interest expenses as well as decline in value of Artnews investment in artnet.com AG were the primary reasons behind PLN 8.75m net loss recorded in the first 9 months of the year;
- The acquisition art media companies from BMP Media Holdings combined with capital increase, all completed after reporting date, made positive impact on de-leverage of Artnews S.A., with total debt reduced by the amount of PLN 9,33 million as of October 31, 2015;
- Artnews consolidated art media companies acquired from BMP Media Holdings as originally anticipated (on October 8, 2015). Original estimate of PLN 3 million EBITDA for 2015 remains on schedule, but is likely to be off-set with significant one-off transaction and integration expenses including severance, restructuring and advisory charges and expenses.
“Strengthening market leadership and profitability in print in the US through exploring synergies between our expanded roster of titles, continuing with the strong growth in digital space internationally with artnews.com and exploring high growth niche offerings such as Skate’s database run out of New York and launch of Interview brand in Poland, both on the back of low cost Warsaw infrastructure, are some of the key components of our growth strategy for 2016”, commented Izabela Depczyk, CEO of Artnews S.A.
About Artnews S.A.
ARTNEWS S.A. is the world’s leading print and the fastest growing online art media business with its media properties including print magazines Art in America, ARTnews, The Magazine Antiques, Modern and Art & Business, digital properties www.artnews.com and www.artbiznes.pl and Skate’s Art Market Research business intelligence unit. ARTNEWS S.A. is publicly listed on the Warsaw Stock Exchange (WSE:ATN) and its controlling shareholder is BMP Media Holdings LLC, owned by Peter M. Brant. The company’s primary operations are located in New York.Read more