Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


ZelnickMedia Corp.'s Investment not Disclosed

By Published on .

NEW YORK (AdAge.com) -- Vanguarde Media will announce ZelnickMedia Corp. is investing in the company, and that ZelnickMedia founder Strauss Zelnick, ex-CEO of BMG Entertainment, will serve on its board.

Vanguarde, which publishes Savoy, Heart & Soul and Honey, last year took in slightly less than $25 million in revenue and recorded a loss of between $3 million and $6 million, said people familiar with the company.

The amount of ZelnickMedia's investment was not disclosed, but one media executive who had previously been approached by Keith Clinkscales, Vanguarde's chairman-CEO, said the company had sought an eight-figure investment.

Most Popular
In this article: