Morris Publishing Group acquires Georgia Trend magazine
Morris Publishing Group LLC announced Thursday it has acquired the publisher of Georgia Trend magazine, which it plans to fold into a newly formed subsidiary called Morris Business Media.
The Augusta-based media company, owner of The Augusta Chronicle, said the acquisition of Trend Publications LLC includes its flagship monthly business magazine, its digital and special events assets and several other annual publications.
Both companies are privately held and financial terms of the sale were not disclosed.
William S. Morris IV, president and CEO of Morris Communications Co., the parent company of Morris Publishing Group, said in a statement that suburban Atlanta-based Trend Publications has “built a strong suite of business products that have positive and dynamic influence on the Georgia economy.”
“Adding this to our portfolio is an honor, and one with a bright future,” Morris said.
The 31-year-old Georgia Trend magazine is distributed in all 159 Georgia counties. Its affiliated products include the annual Small Business Guide, the annual Business Georgia publication, the website georgiatrend.com website and the electronically-delivered Georgia Trend Daily.
Trend Publications is co-owned by Atlanta businessman Tom Cousins of Nonami LLC and Young Publications, which is owned by Neely Young and Ben Young, who serve as Georgia Trend’s co-publishers. The Norcross-based group has eight full-time employees and more than 30 freelance writers, photographers and graphic designers.
Neely Young said in a statement that his family will still be involved in the publication and that Ben will remain as publisher.
“Tom, Ben and I are pleased to be associated with Morris and we know they will continue our vision of building a positive sense of community throughout our great state,” Young said. “This bodes well for Georgia Trend.”
In addition to the Chronicle, Morris Publishing Group’s Georgia properties include the Savannah Morning News and the Athens Banner-Herald. It also owns The Florida Times-Union in Jacksonville and The St. Augustine (Fla.) Record.
Derek May, president of Morris Publishing Group, said Georgia Trend will be “a fantastic addition to our company’s media portfolio.”
“We look forward to building on this powerful brand and serving the statewide business community in new and innovative ways,” he said.
Morris Communications was founded in 1945 as Southeastern Newspapers Inc. Today the company’s assets include holdings in magazine and niche publications, outdoor advertising, radio broadcasting, book publishing and broadband services.
Ben Young said Morris will bring “new resources to help grow our brand and product.”
“They are a Georgia company with a great history in our state,” he said. “We look forward to a bright future for the magazine and our readers.”