PARIS (Aug. 18, 2014) — French publishing house Newsco Group has acquired the tire trade magazine “Le Pneumatique” and associated assets, including the rights to the “Pneu Expo” trade exhibiton.
Financial terms were not disclosed. Other assets include the trade magazines “Ingénieur de l’Automobile” and “Profession Carrossier” and their associated online presences as well as the standalone website “Autopresse.”
The Commercial Court of Versailles has approved Newsco’s takeover offer by transfering the assets of Editions VB, which was in receivership, to Newsco, the Paris–based publishing group said.
Newsco Group said it intends to “enrich the content” of both magazines and supply multimedia. It also said it plans to organize a trade show/conference during the second half of 2015 for all stakeholders in the French tire sector.
VB Editions was forced to postpone the 2014 Pneu Expo earlier this year.
Newsco said “Le Pneumatique” is the only tire trade magazine published in France, coming out five times a year and going to 8,000 subscribers. It has been published for more than 25 years.
Overall, Newsco owns eight titles and five websites. Other magazines include “Electroniques”; “IT for Business”; “Point Banque”; and “Mesures.”
Titan International and the United Steelworkers union have petitioned the U.S. International Trade Commission and U.S. Department of Commerce seeking relief from OTR tire imports from China, India and Sri Lanka. What’s your opinion?
|I wholeheartedly support their action – something needs to be done.||
|I think it’s a bad idea that could inevitably tie the hands of domestic tire makers.||
|I oppose any duties against tire importers—they only raise costs for distributors and make it harder to obtain inventory.||
|I’m kind of on the fence and not sure what’s right, but need more information before deciding.||
|I don’t really care whether or not relief is granted.||
|Total votes: 78|