CurtCo Media may fetch $500 million in upcoming sale.Malibu-based CurtCo Media Labs LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , publisher of super-luxury titles, is looking to cash in on the high-end market that it serves by putting its catalog of titles up for sale. Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. LLC will manage the auction and provide financing to buyers, and the sale could fetch more than $500 million, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. recent reports. Founded by Bill Curtis in 2001, CurtCo's publications target what Curtis calls the "recession-proof' market--the less than 1 million American families that have a net worth of $5 millionplus, own multiple luxury homes, and have extravagant yachts and car collections. In addition to its flagship publication the Robb Report The Robb Report is a magazine about luxury life, featuring products of the lifestyle, such as cars, watches, and real estate. It was originally started by Robert White as a magazine to complement the purchase of a Rolls-Royce automobile. , the company owns 15 "ultra-luxury" titles, including Worth, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Magazine, Showboats International and Home Entertainment. CurtCo Media has grown its revenue from about $20 million to $100 million over the last four years. In 2003, the company secured $100 million in acquisition capital from private equity firms Weston Presidio and TD Capital. The company last month purchased Art'& Antiques, a 105,000-circulation magazine, for a reported $7 million. The Robb Report Luxury Resorts will hit newsstands this month. |
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