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K-III Communications

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K-III Communications

For the South African media group, see Primedia Broadcasting

RentPath Inc.
Type Private
Founded 1989
Headquarters Norcross, Georgia, United States
Owner(s) TPG Capital
Website

RentPath Inc. is a privately held American media company fully owned by RentalHouses.com also exist.

Organized in 1989 as K-III Communications Corporation by private equity giant Kohlberg Kravis Roberts, the company made a series of acquisitions of niche publications under Bill Reilly's leadership in the 1990s. The firm went public in 1995, selling stock 15 million shares at approximately $12 per share, in a deal that left Kohlberg Kravis Roberts with control of 82.2% of the company's shares.[1] The firm adopted the Primedia name as of November 18, 1997 to more clearly focus on its core business.[2] Primedia sold a group of 17 outdoor-oriented magazines to InterMedia Outdoors for $170 million in cash, in a deal that included Guns and Ammo and Fly Fisherman.[3] In 2007 Primedia sold its Enthusiast Media division to Source Interlink in a deal that netted Primedia $1.15 billion in cash in exchange for a group of more than 70 magazines, including Motor Trend and Soap Opera Digest and 90 consumer web sites. The deal left Primedia to focus on a series of free print and online consumer guides published by its Consumer Source unit.[4]

In 2011, private equity firm TPG Capital bought Primedia for $525 million.[5] In 2013, the company changed its name to RentPath.[6]

Timeline

Former Major Primedia Titles (magazines are now part of Source Interlink)

200px

as well as [4] web sites


Primedia Equestrian Group

Primedia Action Sports Group

References

External links

  • Primedia corporate web site
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