Network Communications, Inc.(NIC), based inthe US, has sold its New England Home publication and related properties to New England Home Magazine, LLC. for an undisclosed consideration.
New England Home is the premier regional luxury home design brand and publication in the Northeast. The New England Home brand is comprised of both, print and digital media assets, as well as industry events and awards programs aimed at showcasing the unique architecture, exquisite interior design, and superior custom building that define the luxury home in the six states of New England. The brand's flagship publication, New England Home, is the leading luxury home magazine in New England and parent publication to other titles including New England Home Cape & Islands and quarterly editions of New England Home Connecticut.
New England Home Magazine, LLC. is a small group of private investors who have joined forces to drive the growth and expansion of luxury and lifestyle brands. The New England Home Magazine website (www.nehomemag.com), has daily design blog, weekly e-newsletters, and a robust social media footprint connect the brand with design professionals and luxury consumers online. Capitalizing on the success of its lead acquisition of New England Home, the group plans to leverage its media expertise to acquire and strategically grow key brands in targeted regions.
For over 35 years, Network Communications, Inc. (NCI) has been a market leader in the real estate information and media sector. In addition to its strong position in the multi-family rental market, NCI also enjoys a leading position in the real estate and home design segments, serving them with a robust portfolio of magazines, custom publishing, marketing services and events. The company’s Magazine Group today accounts for nearly US$18.3 million in revenue and is poised for strong growth in the years ahead. With premium brands like Unique Homes, Atlanta Homes & Lifestyles and New England Home, NCI’s Magazine Group represents a portfolio of best-in-class assets serving the luxury home design and real estate markets.
Oaklins' media specialist team in New York has been exclusively mandated to sell Network Communications, Inc.'s New England Home and related properties.
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