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Case
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Reference no. E4
Subject category: Entrepreneurship
Authors: Harold Irving Grousbeck (Stanford Graduate School of Business, Stanford University); Kevin Taweel (Stanford Graduate School of Business, Stanford University)
Published by: Stanford Business School
Originally published in: 2002
Version: 3 March 2003
Length: 21 pages
Data source: Field research
Topics: Acquisition; Valuation; Entrepreneurial finance; Equity financing; Board of directors
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Abstract

Bob Nylen and Dan Okrent were publisher and editors respectively, ex- New England Monthly, a regional magazine the pair founded in 1983. Although not a financial success thus far - the magazine continually operated in the red - it was an editorial hit. It won the coveted National Magazine Award twice, in 1986 and 1987. By April 1988 Dan and Bob were convinced that the best course of action was to sell New England Monthly to a large, strategic partner like Time Inc. With the support and resources of such a partner, - they felt they could grow the magazine substantially. Surprisingly, the Board of Directors rejected Time's eventual offer. Bob and Dan were left to figure out what to do next.
Location:
US
Industry:
Publishing
Size:
USD3 million revenues
Other setting(s):
1983-1988
Teaching note
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Reference no. E4TN
Subject category: Entrepreneurship
Authors: Kevin Taweel (Stanford Graduate School of Business, Stanford University)
Published by: Stanford Business School
Originally published in: 2002
Version: 3 March 2003
Length: 8 pages
Data source: Field research
View full details
Compact case
Supplement
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Reference no. E4SQ
Subject category: Entrepreneurship
Authors: Kevin Taweel (Stanford Graduate School of Business, Stanford University)
Published by: Stanford Business School
Originally published in: 2002
Version: 3 March 2003
Length: 1 pages
Data source: Field research
Topics: Acquisition; Valuation; Entrepreneurial finance; Equity financing; Board of directors
Notes: For terms & conditions go to www.thecasecentre.org/freecaseterms
View full details

About

Abstract

Bob Nylen and Dan Okrent were publisher and editors respectively, ex- New England Monthly, a regional magazine the pair founded in 1983. Although not a financial success thus far - the magazine continually operated in the red - it was an editorial hit. It won the coveted National Magazine Award twice, in 1986 and 1987. By April 1988 Dan and Bob were convinced that the best course of action was to sell New England Monthly to a large, strategic partner like Time Inc. With the support and resources of such a partner, - they felt they could grow the magazine substantially. Surprisingly, the Board of Directors rejected Time's eventual offer. Bob and Dan were left to figure out what to do next.

Settings

Location:
US
Industry:
Publishing
Size:
USD3 million revenues
Other setting(s):
1983-1988

Related

Teaching note
-
Reference no. E4TN
Subject category: Entrepreneurship
Authors: Kevin Taweel (Stanford Graduate School of Business, Stanford University)
Published by: Stanford Business School
Originally published in: 2002
Version: 3 March 2003
Length: 8 pages
Data source: Field research
View full details
Compact case
Supplement
-
Reference no. E4SQ
Subject category: Entrepreneurship
Authors: Kevin Taweel (Stanford Graduate School of Business, Stanford University)
Published by: Stanford Business School
Originally published in: 2002
Version: 3 March 2003
Length: 1 pages
Data source: Field research
Topics: Acquisition; Valuation; Entrepreneurial finance; Equity financing; Board of directors
Notes: For terms & conditions go to www.thecasecentre.org/freecaseterms
View full details