Amos Media Company Sells Cars & Parts Magazine to Xceleration Media Group
Chicago, IL (04/26/2016) – Amos Media Company (www.amosmedia.com), the leading information resource for numismatic and philatelic investments, collectors and general hobbyists today announced the sale of Cars & Parts to Xceleration Media Group. The announcement was made by Rick Amos, Chairman and CEO of Amos Media Company, and Shawn Brereton, Group Publisher of Xceleration Media Group. Financial terms were not disclosed.
“In today’s highly competitive automotive magazine industry, Amos Media has decided to sell Cars & Parts to Xceleration Media Group, whose suite of automotive enthusiast titles will enable the continued evolution of the brand,” Mr. Amos said. “Amos Media has decided to now focus on our core brands, which offer more business opportunities. It also gives us more flexibility to further develop our digital product offerings for our dealers, retailers and hobbyists, and to broaden the delivery of trusted content in the fields of numismatics and philately.”
“I want to thank the employees of Cars & Parts for their dedication and contributions, which have been so valued for many years in building the relationships and readership for this popular automotive tech magazine,” Mr. Amos said.
Brereton added, “It is great to be adding Cars & Parts into our existing suite of automotive aftermarket offerings. Cars & Parts fits well within our area of expertise and we are excited to introduce subscribers of the title to our existing high-quality websites and magazines.”
About Amos Media Company
Founded in 1876 by General James O. Amos, Amos Media (www.amosmedia.com) is a leader in building multi-platform brands within the collectors’ space that inform highly engaged consumer and business audiences. The core brands include Coin World, Linn’s Stamp News, Scott Catalogue, and Craft Ideas.
About Xceleration Media Group®
Founded in 2013, Xceleration Media Group® (www.xcelerationmedia.com), located in Memphis, Tennessee, is a multi-channel marketing company with a collective print circulation approaching 1 million readers. Its five automotive aftermarket titles include Power & Performance News, Street Rod Life, Gearheads4Life, One Dirt and Drag Racing Scene. Questions should be directed to Group Publisher Shawn Brereton, who can be reached at firstname.lastname@example.org.