Penguin Random House Sells Fodor’s to Internet Brands
From Internet Brands:
Penguin Random House has reached an agreement to sell Fodor’s, to Internet Brands, a leading Los Angeles-based online media and technology company, whose well-known travel websites such as FlyerTalk.com and Wikitravel.org.
The agreement reflects the growing value and potential of digital and mobile consumer engagement with travel information and content. Terms of the transaction were not made public. The closing between the parties is expected to be completed shortly.
Currently celebrating the 80th anniversary of its first guidebook publication in 1936 by founder Eugene Fodor, Fodor’s today offers broad-ranging travel information on about 7,500 destinations worldwide through its print and online coverage. Fodors.com, its pioneering website, which debuted 20 years ago, receives more than 4.5 million unique monthly visitors.
Fodor’s publishes more than 150 active print guides, over 250 e-book titles, and 25 mobile apps, and has more than one million cumulative subscribers to its daily and weekly newsletters.
Fodor’s will become part of Internet Brands’ consumer Home/Travel group, whose portfolio of online travel brands provide business and leisure travelers with vital information about all aspects of their journeys, from best deals on airline tickets to selecting the ideal hotel. Internet Brands intends to apply its technological expertise and knowledge of digital interest groups and content verticals to grow the Fodor’s online audience and user engagement, while retaining its celebrated print guides.
Penguin Random House will continue to sell and distribute Fodor’s print guides to the book trade on behalf of Internet Brands. While the majority of its content is published online, Internet Brands is experienced in print publication. With previous acquisitions such as Nolo, a publisher of legal guidebooks for consumers, the company has grown its legal content websites while maintaining its Nolo Press active print-publishing program.
About Gary Price
Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com.