Media

Dan Gilbert Reportedly Offers $60 Million For Stake in Publisher

August 20, 2014, 4:03 PM

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Quicken Loans founder Dan Gilbert is reportedly doling out big bucks for a media venture. 

Keith Kelly of the New York Post reports that Gilbert is in the final stages of buying a stake in the company that publishes the Robb Report, a luxury lifestyle magazine for the ultra-rich.

The Post writes:

The price tag, one source whispered, is about $60 million for what is basically a one-title company that is believed to be kicking around $10 million a year in profit. The Robb Report is a luxe lifestyle mag for the ultra-rich.

The company, CurtCo Robb Media, headed by Bill Curtis, had ignored bids by several potential suitors — including Jason Binn of DuJour Media — before choosing Gilbert because he would allow Curtis to remain involved in the operation after the sale.


Read more:  New York Post


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