RentPath

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For the South African media group, see Primedia Broadcasting

RentPath Inc.
Type Private
Founded 1989
Headquarters Norcross, Georgia, United States
Owners TPG Capital
Website rentpath.com

RentPath Inc. is a privately held American media company fully owned by TPG Capital. They help millions of consumers find apartments, houses for rent, and new homes for sale through its Internet, mobile, and print products. Their Rent.com, Apartment Guide, ApartmentGuide.com, Rentals.com, and New Home Guide brands are their most recognizable, but additional properties such as 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[edit]

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

Primedia logo.png

as well as Automotive.com, Intellichoice.com, [1][2], [3], [4] web sites


Primedia Equestrian Group[edit]

Primedia Action Sports Group[edit]

References[edit]

  1. ^ via Reuters. "K-III's Initial Stock Offering", The New York Times, October 7, 1995. Accessed October 23, 2008.
  2. ^ Staff. "K-III's New Name To Be 'Primedia'", The New York Times, November 1, 1997. Accessed October 23, 2008.
  3. ^ Sorkin, Andrew Ross. "InterMedia to Buy Primedia’s Outdoor Magazines", The New York Times, December 7, 2006. Accessed October 23, 2008.
  4. ^ via Reuters. "Magazine Publisher Is Selling Special-Interest Unit for $1.15 Billion", The New York Times, May 15, 2007. Accessed October 23, 2008.
  5. ^ Lattman, Peter (May 16, 2011). "After 22 Years — 22 Years! — K.K.R. Is Exiting Primedia". The New York Times. Retrieved October 20, 2011. 
  6. ^ Primedia Changes Name to RentPath
  7. ^ "THE MEDIA BUSINESS; Macmillan and Maxwell Sell Four Units to Kohlberg". The New York Times. 1988-12-02. ISSN 0362-4331. Retrieved 2014-08-23. 
  8. ^ "K-III COMMUNICATIONS BUYS EDUCATIONAL VIDEOS COMPANY - Free Online Library". Retrieved 2014-08-23. 
  9. ^ K-III acquires Automotive-Truck 'Enthusiast' publisher McMullen & Yee
  10. ^ http://www.westcott.com/
  11. ^ Spotlight: McMullen Argus Buys Park Avenue Publishing
  12. ^ "Primedia To Acquire Cowles Magazines, Newsletters and Trade Shows 25 Enthusiast Titles, 11 Technical and Trade Magazines, and 15 Trade Shows Included in Transaction" (Press release). PR Newswire. January 9, 1998. Retrieved September 11, 2012. 
  13. ^ Deals-Southwest Art
  14. ^ Alberto Move From Lois A Beauty For Tatham
  15. ^ "Transactions from 2002". Retrieved 11 September 2012. 
  16. ^ KITPLANES Joins AVweb Under Belvoir
  17. ^ R.R. Bowker Acquires Simba Information
  18. ^ Primedia Sells Folio, Circulation Management
  19. ^ "Primedia Business Information Profile". Media Owners. Retrieved 2007-02-16. 
  20. ^ Weider Purchases History Magazines From Primedia
  21. ^ "BREAKING NEWS: Primedia To Sell Crafts Group for $132 Million - M and A and Finance @ FolioMag.com". Retrieved 2014-08-25. 
  22. ^ "Primedia To Sell Outdoor Group - M and A and Finance @ FolioMag.com". Retrieved 2014-08-25. 
  23. ^ "Burkle's Source Agrees to Buy Primedia Magazine Group". 
  24. ^ Interweave Press Buys Primedia's Gems Group
  25. ^ Primedia Unclips Climbing
  26. ^ Content, Library Journal Archive. "Infobase Buys Films Media Group". Library Journal. Retrieved 2014-08-23. 
  27. ^ FitzGerald, Drew. "EBay Sells Rent.com Website To Primedia". Dow Jones Newswires. Retrieved 22 March 2012. 

External links[edit]