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 (email@example.com) is an associate editor for E&P.
Copyright 2001, Editor & Publisher.