dmg world media sells AntiqueWeek, three others in deal finalized late last week

KNIGHTSTOWN, Ind. – In a deal finalized late last week, dmg world media sold its Knightstown, Ind., publications, including its flagship antiques and collectibles newspaper AntiqueWeek. Included in the sale are publications AntiqueWest, The Auction Exchange and Collectors News and Farm World, billed as “the largest farm newspaper in the Midwest.”
 
The
new owner is MidCountry Media, Inc., which has ties to the Mayhill
family who founded AntiqueWeek in 1968 and sold it along with its other
titles to dmg in 2000. dmg world media is a wholly-owned subsidiary of
the Daily Mail and General Trust plc, one of the largest and media
companies in the United Kingdom.
 
Talks of a sale surfaced in
October 2008 when employees were informed the Indiana titles were under
contract to be sold. Since then, dmg has steadily sold segments of its
antiques and collectibles businesses.

It sold the London-based newspaper Antiques Trade Gazette
in October 2008. In June it sold four of the biggest antiques and
collectors’ fairs in the UK. In July, dmg sold back the Florida show
known as “Palm Beach – America’s International Fine Art & Antiques Fair” to its original owners, the Lester family.
 
In the case of Antiques Trade Gazette, it was employees who purchased the publication. The UK fairs (Newark, Ardingly, Shepton Mallet and Detling) are owned by a group, which includes a former dmg executive who oversaw the original acquisition in 1994.
 
AntiqueWeek
is a national publication with The Auction Exchange and Collectors News
focuses on the Great Lakes region and AntiqueWest focuses on the West
Coast.

dmg owns The Avignon (France) International Trade Fair, The Las Vegas Antique Jewelry & Watch Show, The Miami Beach Antique Jewelry & Watch Show, The New York Antique Jewelry and Watch Show, The Original Miami Beach Antique Show and the The Washington DC Antique, Art and Jewelry Show, which debuts Oct. 15-18.

dmg also publishes more than 40 related magazines, newspapers, directories and market reports and employs 700 people worldwide.

-posted by Eric Bradley

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