Recorded Books has acquired audio publisher Tantor Media, with a catalog of approximately 5,000 titles. Sale terms were not officially disclosed but the NYT reports the price was “about $25 million.” Private equity firm Wasserstein & Co. acquired Recorded Books from Haights Cross Communications a little less than a year ago, and then they bought HighBridge Audio from Workman Publishing in April, which was integrated into Recorded Books. Wasserstein co-managing partner Anup Bagaria tells the NYT, “We’ve taken a sleepy business and really accelerated growth” through acquisitions and organic improvements. Tantor will continue to operate out of its current Old Saybrook, CT facility. Jones Day […]
