Houlihan Lokey Advises Meredith Corporation on the Sale of GOLF Magazine and Golf.com

Houlihan Lokey is pleased to announce that GOLF Magazine and GOLF.com have been acquired by Howard Milstein and Emigrant Capital. 

GOLF Magazine and Golf.com are the premier destinations for golf news, analysis, insight, and instruction across all platforms. Their renowned coverage reaches nearly five million magazine readers and digital users each month. The property was formerly owned by Time Inc. and was subsequently acquired by Meredith Corporation in connection with Meredith Corporation’s recent acquisition of Time Inc.

Meredith Corporation (NYSE:MDP) has been committed to service journalism for more than 115 years. Today, Meredith Corporation uses multiple distribution platforms—including broadcast television, print, digital, mobile, and video—to provide consumers with the content they desire and deliver the messages of its advertising and marketing partners.

Howard P. Milstein, Chairman and CEO of New York Private Bank & Trust and its operating bank, Emigrant, is an investor, philanthropist, and entrepreneur. Emigrant is the largest privately held, family-owned-and-operated bank in the United States. Emigrant Capital, the private equity division of Emigrant, provides long-term equity and related capital to established businesses across a range of industries. Since 2007, Howard Milstein has been a partner with legendary golfer Jack Nicklaus in the Nicklaus Companies. He also owns numerous other golf-related investments, including Miura Golf; club fitters True Spec Golf and Club Conex; and GolfLogix, the number one app for golf and a global leader in GPS and club-tracking technology.

Houlihan Lokey professionals bring extensive experience in sports-related transactions and engagements, having worked with clients such as FanDuel, SportRadar, World Golf Tour, Time Inc., International Speedway Corporation, Gawker Media, and more than 25 professional sports teams.

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