Ascend Media sells event media division

TGP Capital Partners and Cameron Bishop have acquired the event and custom media division of Ascend Media

Financial terms of the deal were not disclosed.

Cameron Bishop, Ascend’s former CEO, will be CEO of the newly acquired property, which will operate under the Ascend Media name and remain based in Overland Park, Kan. He is the founder and former chairman and CEO of Ascend Media, building it into a $120 million company before liquidating his ownership stake about a year ago.

It’s on the cutting edge of blending traditional print properties with digital assets in an integrated package. There are only a few companies around the nation as well positioned to do that as this one. It’s both a content creation and a content management business.”

Clients include The American Heart Association, American Sport Fishing Association, the American Academy of Family Physicians, McDonald's and Ace Hardware.

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http://dealbook.blogs.nytimes.com/2009/09/02/tgp-and-bishop-acquire-ascend-media-division/

http://www.bizjournals.com/kansascity/stories/2009/08/31/daily12.html?ana=from_rss