DMNmedia Acquires Design Guide Publishing Company, Strengthening Luxury Portfolio
DALLAS-January 8, 2013- DMNmedia, the marketing solutions group of The Dallas Morning News, Inc., has acquired the assets of DG Publishing, Inc. (DGP), a portfolio company of Elm Creek Partners, a Dallas-based private equity firm. DGP is a magazine publisher of high-end resource guides including Design Guide Texas and The Texas Wedding Guide. The purchase further strengthens the News’ media portfolio in the luxury magazine segment and will complement FD Luxe, a premium lifestyle magazine targeting affluent consumers in North Texas.
Design Guide Texas (www.dgpublications.com
), published two times per year, is the state’s premier source for the finest home furnishings, products and services available, and is distributed to interior designers, affluent homes valued at more than $750,000, newsstands, events and clients throughout Dallas, Houston, Austin and San Antonio.
The Texas Wedding Guide (www.txweddings.com
), published two times per year, is the state’s ultimate wedding planner, keeping readers up-to-date on the latest wedding trends, and is distributed throughout Texas to registered brides, bridal shows, bridal boutiques and newsstands.
"The DGP brands have been leaders in their respective markets for more than 20 years,” said Richard S. Alfano, Group Publisher and General Manager, DMNmedia, who will lead this business. “We look forward to expanding the reach and comprehensiveness of our multimedia services in the home interior, wedding and luxury lifestyle categories to our consumers and clients.”
“We are delighted to have completed this transaction. Under DMNmedia’s direction, we see even more opportunities for readers, advertisers, and employees,” said Zach Wooldridge of Elm Creek Partners.