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| CurtCo Media, Publisher of Robb Report & Worth, Acquires Showboats International Magazine 08.24.04 |
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Malibu, CA (August 9, 2004) – CurtCo Media, publisher of Robb Report and Worth magazines and a family of titles similarly targeted to the world's most affluent readers, in conjunction with financial sponsors Weston Presidio and TD Capital Communications Partners, today announced the acquisition of the assets of ShowBoats International , the ultimate lifestyle magazine dedicated to an exclusive readership of super-luxury yacht owners. “The acquisition of ShowBoats International , with its 53,000 audited circulation, is yet another significant step in our continued corporate strategy to deliver exceptional, targeted content to the ultra-affluent reader,” explained CurtCo Media Chief Executive Officer William J. Curtis. “The CurtCo family of publications has the unique ability to offer luxury marketers a variety of communication tools addressing the passions, concerns and dreams of an audience that is otherwise extremely difficult to reach. We can now cultivate that relationship further with the addition of the ShowBoats International franchise.” “For 15 years, ShowBoats International has held an esteemed position as the most powerful brand in its field,” Mr. Curtis further stated. “Where Robb Report touches all aspects of luxury lifestyle, and Worth addresses wealth management and family legacy issues, ShowBoats International and its readers celebrate the ultimate incarnation of the luxury lifestyle. This addition to our group will offer our advertising partners another highly respected connection to the super affluent consumer, the most difficult to reach audience in the world.” ShowBoats International 's founding Editor-in-Chief, James Gilbert, and Publisher, Lester Abberley II, and all other current employees will join CurtCo Media and continue in their present positions. “We are very excited to welcome Jim, Les and their dedicated associates to the CurtCo team. They bring a wealth of experience and knowledge to our company and we expect to have a long and prosperous relationship,” said Curtis. “The synergy between ShowBoats and the CurtCo family of titles is extraordinary,” Mr. Abberley said. Mr. Gilbert added, “This new relationship extends the power of our brand beyond the confines of luxury yachting into a broader market of people curious about and capable of enjoying the luxury yachting lifestyle.” Plans call for the newly acquired title to continue to operate from its existing headquarters in Fort Lauderdale , Florida . The transaction marks the latest move in CurtCo's ongoing objective of acquiring and developing vertical titles within the luxury lifestyle categories addressed by Robb Report, a goal that began with CurtCo's acquisition of the Robb Report in 2001. This acquisition is the latest chapter in the expansion of the Robb Report franchise that includes the 2003 acquisition of Worth magazine, as well as the development of The Robb Report Collection, and the launches of Robb Report Vacation Homes, Robb Report MotorCycling, Robb Report Home, Robb Report Home Entertainment, and CurtCo's Digital TV. CurtCo Media Group Weston Presidio TD Capital Communications Partners
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