Mid-Atlantic Media Expands Portfolio, Buys 'Philadelphia Jewish Exponent"


Mid-Atlantic Media, owner of a variety of regional brands in Philadelphia, Baltimore and Washington, D.C., announced this week that it has acquired Philadelphia Jewish Exponent, a regional Jewish publication covering Philadelphia and its Pennsylvania suburbs and southern New Jersey, from the Jewish Publishing Group, a subsidiary of the Jewish Federation of Greater Philadelphia.

Terms of the deal were not disclosed.

The acquisition fits in well with the Mid-Atlantic Media’s strategic plans, Mid-Atlantic Media CEO Craig Burke said.  “Jewish publications build and strengthen Jewish community with their content, both in print and digitally," and “The Jewish Exponent has always been one of the preeminent Jewish publications in the country."

The challenge of operating a local Jewish publication in the fast-moving media landscape was the impetus for the sale, said Michael Balaban, CEO of the Jewish Federation of Greater Philadelphia. “Our steadfast commitment to engage, educate, entertain and connect Jews across the religious, political, demographic and geographic spectra of our community has never wavered,” Balaban said. “Under Mid-Atlantic Media, the Exponent will have proven experts in the field focusing on its growth, development and relevance in the marketplace.

advertisement

advertisement

Under the new owner, Balaban added, his expectation is that the Exponent will be better able to meet the needs of its readers, and expand its footprint in the digital media marketplace.

Mid-Atlantic Media also publishes Baltimore’s Child, Baltimore Jewish Times, Baltimore Style, Consumer’s Eye Magazine, Frederick’s Child, Home Services Magazine, Philadelphia’s MetroKids, Montgomery Magazine, Washington Family and Washington Jewish Week. The company, based in Owings Mills, Maryland, also operates a national custom-media division providing services to clients throughout the Mid-Atlantic region, Key West, Pittsburgh, New York, San Francisco and Scottsdale.

Next story loading loading..