‘AMERICAN PROFILE’ PICKS UP $23 MILLION

By: Joe Strupp

Weekly Supplement Claims Circulation Of 3 Million


American Profile, a newspaper supplement for weeklies and small dailies that launched a year ago, recently received a $23-million infusion, $19 million of which came from Quadrangle Capital Partners.

Franklin, Tenn.-based Publishing Group of America started the magazine last April with circulation of 1.2 million and distribution to 200 newspapers, said spokeswoman Nancy DeKalb. Initial financing included $2.78 million in September 1999 and another $5 million a year ago.

DeKalb said the publication is now in more than 600 papers with circulation of 3 million. The company hopes the new cash will bring profitability by mid-2002.



Joe Strupp (jstrupp@editorandpublisher.com) is an associate editor for E&P.



Copyright 2001, Editor & Publisher.

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