Mediaquest buys Gray Business Comm’s
By admin • Jan 23rd, 2008DUBAI.Mediaquest Corp. has taken the reins of the publishing and events divisions of Gray Business Communications (GBC). The deal, which takes effect on January 2, adds a number of titles to the Mediaquest Corp. portfolio including Gulf Marketing Review, GMR-Online, Al Tasweeq Al Arabi, RaceWeek and several sports publications. Mediaquest also takes [...]
DUBAI.Mediaquest Corp. has taken the reins of the publishing and events divisions of Gray Business Communications (GBC). The deal, which takes effect on January 2, adds a number of titles to the Mediaquest Corp. portfolio including Gulf Marketing Review, GMR-Online, Al Tasweeq Al Arabi, RaceWeek and several sports publications. Mediaquest also takes on board the GBC Events division. Mediaquest Corp. is the parent company of Mediaquest, the publisher of TRENDS magazine. The company’s established Dubai-based publications comprise Communicate, TRENDS, Saneou Al Hadath and Shaheen. Worldwide, the group publishes 14 titles in three languages. The group reported 40 percent business growth last year and forecasts significantly higher growth this year with the acquisition. Alexandre Hawary, co-CEO of Mediaquest Corp., confirmed that GBC director Barry Gray will be retained on a consultative basis to aid the integration of GBC business. “These additional products offer significant synergies with those already under the Mediaquest umbrella,” co-CEO Julien Hawary said.
