Texas Monthly Purchases Texas Business Magazine

Posted on October 15, 1998

Michael R. Levy, the publisher and president of Texas Monthly, announced that Texas Monthly has purchased from Presidio Media Group the name and subscription fulfillment responsibility for Texas Business magazine.

"This allows us to further reinforce Texas Monthly's position in the marketplace as the premier publication in the state," Levy says. "This is being done in conjunction with the launch in March 1999 of our new spin-off publication, Texas Monthly Biz. Early response to Texas Monthly Biz has been so strong that we will publish the first issue in March of 1999 and currently plan to go quarterly afterwards."

Presidio Media decided to cease publication of Texas Business and then chose to sell its assets to Texas Monthly to best benefit their advertisers and subscribers. "We chose Texas Monthly to acquire our name for many reasons, most important, we thought Texas Monthly Biz would be a great product for our advertisers and subscribers," said Robert Bennett, the president of Presidio Media. "This transaction allows our company to concentrate on other core businesses." Current subscribers to Texas Business will start to receive Texas Monthly and, in March 1999, will see the first issue of Texas Monthly Biz.

Texas Monthly is in its twenty-sixth year of publication, has a circulation of 300,000, and is read by 2,309,000 people each month. Texas Monthly is owned by Emmis Communications Corporation. Based in Indianapolis, Emmis owns and operates eight television and nineteen radio stations in the United States. Emmis also publishes three other regional magazines: Atlanta Magazine, Indianapolis Monthly, and Cincinnati Magazine.