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  • 03 /08 2015

    Artnews S.A. Reports Strong Growth Across All Business Units

    Rozwiń

     

    Guidance for Both Revenues and Operating Profit for 2015 Significantly Increased Due to Better-Than-Expected Organic Growth and Acquisition of Highly Profitable Art Media Properties from BMP Holdings LLC[1]

    • Artnews S.A. is scheduled to issue a report on August 14 showing an approximately 53% revenue increase in the first six months of 2015 compared to the same period of 2014 (to PLN 14.3 million);
    • Artnews S.A. is raising its revenue guidance for 2015 from PLN 29 million to PLN 35 million, and EBITDA from negative PLN 1.9 million to PLN 3 million positive (including the consolidation of newly acquired art media assets from BMP Holdings, LLC)

     

    Warsaw – New York, August 3, 2015 – Artnews S.A., the world’s largest listed art media business by revenue and audience reach, is to announce the key operating results for the first six months of 2015 and is raising the guidance for its full year financial performance in 2015.

    ARTnews, the world’s leading art magazine in terms of the number of paid subscribers, has maintained profitability of the print publication since May 2015 on the back of the successful implementation of both subscription and cover price increases and the elimination of loss-making distribution channels, thus completing the turnaround of the magazine published in New York since 1902 and acquired by Artnews S.A. in May 2014.

    ARTnews.com and other digital properties operated under the Artnews, Art & Business and Skate’s brands across the web and social networks, delivered a robust, organic audience increase coupled with materially improved engagement of ARTnews’s readers with the digital content. The best-in-class audience engagement was driven by ARTnews’s  signature long-reads, the re-calibration of the content-mix based on the usage of data, the introduction of the digital archives (such as 25 years of the Top 200 collectors lists), and an increased use of rich media content such as embedded video, an art-price archive search, info-graphics, and slide shows. The entire ARTnews’s digital advertisement inventory was sold in Q2 and July, with the digital advertising and branded content contributing to over 20% of ARTnews’s advertising sales in Q2 2015 (4% in the same period of 2014).

    As the ARTnews’s digital audience across all brands and platforms went over 1 million of unique users a month in June, the monetization of the audience has also improved with the launch of a highly targeted e-commerce offering with 1,089 customers making purchases at www.artnews.com in the first seven months of 2015. This represents a six-fold increase to the same period of 2014.

    Skate’s, the art business intelligence unit of Artnews S.A., completed 16 research and custom data supply jobs, contributing to 17% of sales and 32% of gross profit of Artnews S.A. in the first six months of 2015.

    “As the professional business practices and venture capital inflows are rapidly transforming the notoriously opaque art industry, Skate’s is emerging as the major beneficiary of the trend,” commented Izabela Depczyk, CEO of Artnews S.A., who led the acquisition of Skate’s and its integration with Artnews.

    This strong performance across all of the core business units of Artnews S.A. helped the firm to achieve profitability in the United States in Q2 2015 (six months ahead of the original turnaround schedule), with Artnews S.A. scheduled to report an approximately 53% revenue increase in the first six months of 2015 compared to the same period of 2014 (to PLN 14.3 million). Artnews S.A. reports its consolidated first half (2015) results on August 14.

    Following the better-than-expected performance in the first half of the year and the ongoing, conditional acquisition of rival art media properties from BMP Holdings LLC (“BMP Assets”) announced on July 29, 2015, and expected to be consolidated in Q4, 2015 (subject to closing), Artnews S.A. is raising its revenue guidance for 2015 from PLN 29 million to PLN 35 million, and EBITDA from negative PLN 1.9 million to PLN 3 million positive (including the impact of the consolidation of BMP Assets).

    Artnews S.A. will publish detailed information on BMP Assets along with the release of the six months’ financial report on August 14, 2015.

    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 the ARTnews and the Art & Business monthly print magazines, www.artnews.com and the www.artbiznes.pl digital properties and Skate’s art business intelligence unit. ARTNEWS S.A. is listed at the Warsaw Stock Exchange and has its primary operations in New York, USA via Artnews Ltd, the 100% owned subsidiary of ARTNEWS S.A.

    [1] The acquisition is ongoing and remains subject to EGM decision and other closing conditions

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  • 29 /07 2015

    ARTNEWS S.A. and Brant Publications, Inc. Announce Merger of their Art Media Properties Creating the World’s Leading Print and Digital Publisher of Art- Related News and Information

    Rozwiń

    ARTNEWS S.A. and Brant Publications, Inc. Announce Merger of their Art Media Properties Creating the World’s Leading Print and Digital Publisher of Art- Related News and Information

     

    • Brant Publication’s BMP Media Holdings LLC, publisher of Art in America, The Magazine Antiques and Modern Magazine to combine its publications with ARTNEWS S.A. making BMP Media Holdings LLC the largest controlling shareholder of the publicly traded ARTNEWS S.A.

     

    New York, NY — ARTNEWS S.A. the Warsaw Stock Exchange-listed art media company with its primary operations in New York, and Brant Publications, Inc. announced terms to combine the two publishing companies’ art media assets, creating the world’s largest and most influential print and digital publisher of in-depth, comprehensive and scholarly writing, art- related news, information and art business intelligence.

    Under terms of the deal, Brant Publication’s BMP Media Holdings LLC will become the majority shareholder of ARTNEWS S.A.  BMP Media Holding LLC will transfer 100% ownership interest in Art in America, The Magazine Antiques, Modern Magazine and related archives and digital properties to ARTNEWS S.A. The transaction will give BMP Media Holdings LLC a controlling interest in ARTNEWS S.A. Interview magazine is not part of the transaction and will continue to be operated by Brant Publications, Inc.

    Upon completing the merger of the two companies, ARTNEWS S.A. will maintain Art in America on its current publication schedule of 11 issues a year and will launch a new bundled print subscription offer under the Art in America brand with ARTnews focusing on special themed editions that have proven successful with the readers, such as the best-selling ARTnews issue “The World’s Top 200 Collectors”. The Magazine Antiques and Modern Magazine will continue as quarterly editions.

    All the art media properties will be consolidated onto a single digital platform at www.artnews.com, featuring art-related news, extensive archives, images and editorials. Readers will have access to a wide range of information on art and art business intelligence and both digital and international expansion of the group will continue under the ARTnews brand.

    Skate’s Art Market Research will continue its focus on providing reliable and unbiased research, art market data and art business intelligence.

    The above transactions remain subject to certain conditions, including the approval of shareholders of ARTNEWS S.A.

    “Under one umbrella, the combined company will have some of the most important cultural publications that together provide the complete content and history of decorative arts, classical arts and art-related news,” said Peter M. Brant. “We plan to strengthen our focus on digital content and online news reporting across all platforms. The combination of Art in America’s digital resources coupled with those of artnews.com will ensure that the company is the leading online resource for the art and design industries. We also see Skate’s Art Market Research as an area that has a significant growth potential.”

    The combined company will have a 52% market share in the U.S. print art magazines market, a digital audience in excess of two million unique users per month and will be based in New York. To improve on the liquidity of ARTNEWS S.A. shares, ARTNEWS S.A. management will seek to list them on the German Stock Exchange (Deutsche Boerse) in 2016.

    “This merger gives the new ARTNEWS S.A. the necessary scale and market power to preserve and strengthen our leadership in the art media space going forward. We’ll continue to deliver the best in class audience to our advertisers and the most diverse high quality content to our readers – a streamlined print offering will be combined with a significant investment in digital expansion with the objective of establishing artnews.com as the number one digital destination for the art loving public in the North American and European markets,” said Izabela Depczyk, who will remain the 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 the ARTnews and the Art & Business monthly print magazines, www.artnews.com and the www.artbiznes.pl digital properties and Skate’s art business intelligence unit. ARTNEWS S.A. is listed at Warsaw Stock Exchange and has its primary operations in New York, USA via Artnews Ltd, the 100% owned subsidiary of ARTNEWS S.A.

    About Brant Publications, Inc.

    Brant Publications Inc. was founded in 1984 by Peter M. Brant and is on of the nation’s leading magazine and digital publishers.  It’s four titles include:  Interview, Art in America, The Magazine Antiques and Modern.

    Art in America was founded in 1913,Art in America is published 11 times per year. Current, provocative and comprehensive, over 200,000 readers rely on Art in America’s in-depth coverage every month. The magazine’s editorial team explores the contemporary art world with expertise and passion, engaging readers through critical essays, reviews and profiles.

    The Magazine ANTIQUES, in print since 1922, currently publishes six bi-monthly issues each year on fine art and antiques for collectors, museum directors and enthusiasts.  The publication delivers deep insight into the history of American, European and Continental works of beauty. Its prestigious reputation in the art world has made it well known for intelligent articles on exquisite objects of historical importance are illustrated with outstanding photography.

    MODERN magazine is a vibrant quarterly magazine on modern furniture, architecture and design that began publication in 2009. It examines 20th & 21st century design from all angles – looking at architecture, interiors, furniture, objects and the players in the design industry with a fresh and intelligent approach. It’s readers are a unique, affluent audience of sophisticated fine art and design buyers.

     ###

    Media Contact:

    Tisha Kresler
Rubenstein Associates, Inc. Phone: 212.843.8294 tkresler@rubenstein.com

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  • 07 /07 2015

    ARTnews Publishes the List of the World’s 200 Top Art Collectors

    Rozwiń
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