38.2 F
Fort Worth
Monday, October 26, 2020
Entertainment Texas Monthly acquired by new owner

Texas Monthly acquired by new owner

Other News

Book celebrates defunct newspaper on anniversary of demise

By ANDREW WELSH-HUGGINS Associated PressCOLUMBUS, Ohio (AP) — The Vindicator in Youngstown, a 150-year-old paper that shut down last year because of...

D Magazine founder Wick Allison dies

D Magazine founder and longtime publisher Wick Allison died Sept. 1 after a lengthy battle with cancer, according to a story in...

Fortress Festival team launching Fort Worth-based creative agency

The team behind Fortress Festival is launching Fortress Creative, a new full-service creative agency focused on serving brands and local businesses.

Local agencies take home national honors at AAF program

Balcom Agency wins five silver awards Balcom Agency, a Fort Worth agency founded in...

Texas Monthly has been acquired by a new owner, an affiliate of Enterprise Products Co., a privately held energy firm in Houston. The affiliate, Texas Monthly LLC is led by chairman Randa Duncan Williams, who is also chairman of EPCO.

Texas Monthly made the announcement on its website June 25.

Terms of the deal, which is set to close on June 30, 2019, were not disclosed. Current owner Genesis Park, another Houston-based private equity firm, paid $25 million for the brand in 2016. Genesis Park was founded by Paul Hobby, whose father was lieutenant governor Bill Hobby and whose grandfather was a governor.

Williams, 57, also has ties to Texas royalty as one of four children of the late oil billionaire and philanthropist Dan Duncan, who founded Houston-based Enterprise Products Partners. According to Texas Monthly, Forbes recently listed Williams as the ninth wealthiest person in Texas. EPCO, Texas Monthly’s new parent company, also owns other ventures involving commercial real estate and ranching ventures, as well as a stake in Enterprise Products Partners.

Williams will be Texas Monthly’s fourth owner since its founding by Mike Levy in 1973. Levy sold the magazine to Indiana-based Emmis Communications in 1998, and that company sold it in late 2016 to Hobby’s group.

For more information:


Latest News

Theatre Wesleyan presents Portraits In Black

Portraits In Black, a collection of scenes and monologues on the Black experience by Gus Edwards, will conclude...

Dickies partners with artist on ‘Vote’ mural

Fort Worth-based workwear brand Dickies, a longtime member of the Near Southside, is supporting the local ARTober initiative by partnering with local artist Mariell...

What says the holiday season like a KFC Firelog?

This holiday season may be a little less festive what with social distancing and all, but at least one “tradition” will return...

Jerry Jeff Walker, Texas singer and songwriter, dies at 78

By KEN MILLER Associated PressJerry Jeff Walker, a Texas country singer and songwriter who wrote the pop song "Mr. Bojangles," has died...

NBC’s Welker sharp in first turn as debate moderator

By DAVID BAUDER AP Media Writer NEW YORK (AP) — Moderator Kristen Welker — with the help of an...