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Resi Systems Parent Co. Acquires TWICE

NewBay Media, the parent company of Residential Systems, has acquired This Week in Consumer Electronics (TWICE), Broadcasting & Cable, and Multichannel News, and from Reed Business Information-U.S. Each title will continue to be published as part of NewBay’s line of print, online, and in-person products and services.

The addition of the three brands extends NewBay Media’s reach in the broadcast television and consumer electronics markets.

TWICE is the leading business trade periodical for retailers of consumer electronics, serving the market with a web site and a bi-weekly print publication, as well as daily and weekly e-newsletters.

“We’re truly excited to have the opportunity to work with this talented team and to have these market-leading brands join the NewBay family,” NewBay Media CEO Steve Palm stated. “This acquisition further demonstrates NewBay’s commitment to our goal of delivering value to our advertisers, readers, and partners in these critical markets.

“With this acquisition,” Palm continued, “NewBay adds significant depth and breadth to its existing portfolio of broadcast properties, including TV Technology and Television Broadcast, and consumer electronic properties, including Residential Systems.”

“We are pleased that our valuable brands have found a great new home with NewBay Media,” Reed Business Information-U.S. CEO John Poulin said. “We’re certain that these titles will thrive under Steve Palm’s capable and experienced management team. We wish them much success ahead.”