Streamline Acquires RBR/TVBR
B. Eric Rhoads, chairman of Streamline Publishing Inc., has announced that the company has closed on the purchase of Radio Business Report/Television Business Report (RBR-TVBR), a broadcast-industry trade publication with a strong focus on the financial sector. Streamline is the owner of Radio Ink magazine, Radio Ink Daily Headlines, and RadioInk.com.
Rhoads said, "The acquisition is designed to expand Streamline’s platform and commitment to the broadcasting industry. RBR is a 30-year-old established brand in radio and has gained respect for its financial and business reporting in the industry.”
RBR-TVBR will be operated as a separate entity with the existing team, and will not be melded into Radio Ink, which just celebrated 20 years. Rhoads said, “We are highly impressed with the quality of the reporting and operational organization at RBR-TVBR, and are excited about working with them. Most of the staff have been on the team for over 20 years and bring tremendous skill to our business.”
RBR-TVBR was founded in 1983 by Jim and Cathy Carnegie, and over 30 years they built RBR-TVBR into one of the strongest brands in the broadcasting industry. Cathy passed away unexpectedly in January of 2012, and Jim Carnegie has since then been exploring the best future for RBR-TVBR.
“While this transaction might seem sudden, it was actually in the works for some time prior to Cathy's passing,” Carnegie said. “Over the last year, as my personal priorities have changed, it became clear it was time to find a new caretaker for RBR-TVBR. We spoke with dozens of interested parties in a very thorough process to identify the right fit for RBR-TVBR going forward. Streamline was one of the early parties we considered, and as we went down this road, it became increasingly clear through dozens of conversations that Streamline was the right place for RBR-TVBR.”
Carnegie continued, “The passion and commitment to broadcasters that Streamline and Radio Ink have demonstrated over the years made this transaction such a natural fit for the future of RBR-TVBR. The combined brands offer a very powerful proposition for broadcasters and our advertising partners.”
Rhoads said, “Broadcasting is facing vast opportunities, and I believe RBR is poised to help address those opportunities, not only with its daily e-mail information and education, but with its private-access paid subscription content, reports, white papers, and data on industry trends and solutions. This area of the business is booming and has become a valuable intelligence tool to industry leaders, financial people, and radio managers.”
According to Carnegie, Streamline and RBR remain among the few independently owned and operated radio information companies. “Independence has allowed us to tell the unvarnished truth and not be a corporate mouthpiece,” he said. “Eric and I see eye-to-eye on this and I know he refuses to buckle to corporate pressure to varnish the truth, which is why we selected Streamline to take this publication forward. I believe it is in responsible hands, and I can move on to the next chapter of my life knowing RBR-TVBR will remain independent.”
Carnegie will assist Streamline in the short term during the transition, and has launched an advisory firm that will be the focus of his attention. “Over the years broadcasters have sought advice and input that I frankly have never had the time to give,” Carnegie said. “With RBR-TVBR now in great hands, I can devote more time to answering those calls and helping broadcasters in a more one-to-one way.”
The acquisition was orchestrated by Streamline CEO Jim Robinson, who said, “We’re very happy with the product RBR-TVBR produces. It’s credible and held in high regard in the industry due to the accuracy of its content and quality of its reporting. It is our intent to keep the existing content intact and seek growth opportunity for the brands.”
Rhoads and Carnegie talk about the deal.