Technology Blog

In a gathering last night at LaZeppa the winners for the AOY were-

Agency of the year – Draft FCB

Indie agency of the year – Special

Media agency of the year – OMD

Direct and interactive agency  of the year – RAPP

CEO of the year – Bryan Crawford Draft FCB

Wildcard – Glen Wiggs

Congratulations to the winners…

Official release-

Several key titles from the stable of 3media Group, now in receivership, have been purchased by a new media company, Mediaweb, founded to acquire the titles by publisher Toni Myers.

The titles are Management magazine, AdMedia, Fastline and Agencies & Clients yearbook, Onfilm magazine and the Databook directory, FMCG and FoodService magazines.

Myers says she is delighted that a number of key individuals from the titles are joining her in the new venture and she is pleased to be working again with magazines and people she respects and that have strong reputations in the marketplace. Myers was a shareholder in Profile Publishing, one of the original three shareholder companies in 3media.

“Whilst 3media itself obviously had problems, the magazine mastheads remain strong and that’s due to the dedication and professionalism of their publishing teams. I am gratified once again to have the chance to work with some highly-skilled and experienced people and to continue to build the strength of the magazine brands and their associated products.”

Myers says the move ensures each of the titles continues their strong presence in their respective markets without any interruption to their usual publishing cycle. “Amongst all else, we have planned carefully to ensure the needs and expectations of both advertisers and readers continue to be met in full.”

Further to last weeks news about 3Media going into liquidation-

AdMedia & Fastline owner 3media Group has been placed in receivership by its banker, the BNZ. The receivership supersedes the voluntary liquidation the company announced last Friday. The joint receivers are Grant Robert Graham & Brendon James Gibson of KordaMentha. As we understand it, the bank is moving away from the ‘fire sale’ that marked the liquidation and is instituting a more orderly disposal of the assets – without the pressure of imminent closure. AdMedia, Fastline and Marketing Magazine will continue to be published until they are sold. Across the wider company, the receivers have been cutting staff numbers further – around eight people were made redundant on Friday, including an editor, two sales managers, receptionist and two designers – as the company reduces overheads.

So … it’s business as usual – for the
time being.

Publishers of various titles including, Fastline, AdMedia, Onfilm, Apparel, In My Kitchen, New Zealand Management, NZ Marketing Magazine and FMCG. Assets reported to be sold off in chunks or individually.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10569861

Official release-

Press Release
For immediate distribution

3Media Group in Voluntary Liquidation

3media Group Ltd, New Zealand’s largest privately owned business-to-business publishing company, has been placed in voluntary liquidation.

The company has been for sale for the past three months but prospective buyers have had difficulty raising funds to purchase 3media’s relatively large portfolio of magazines, newsletters and industry award events.

Insolvency specialists, Gerry Rea Partners, have been appointed liquidators as from today, May 1, 2009.

The move to voluntary liquidation means business as usual for the majority of 3media employees until the sale of the portfolio of publications has been accomplished. It also means that the company can more effectively manage the sale of the group’s titles in clusters or as individual mastheads or activities. The liquidator, Mr Gerry Rea, says the company will trade the business until all its assets have been sold.

3media owns 15 monthly b2b magazines and newletters and promotes and manages major industry events.  In March it sold the iconic dairy industry magazine NZ Dairy Exporter to Country-Wide Publications.

1.5.2009
For further information contact:
Gerry Rea Partners
09-377-3099