American-City-Business-Journals-corporate-office

American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in

Charlotte, North Carolina Charlotte ( ) is the most populous city in the U.S. state of North Carolina. Located in the Piedmont region, it is the county seat of Mecklenburg County. The population was 874,579 at the 2020 census, making Charlotte the 16th-most populo ...

. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States,

Hemmings Motor News ''Hemmings Motor News'' (HMN) is a monthly magazine catering to traders and collectors of antique, classic, and exotic sports cars. It is the largest and oldest publication of its type in the United States, with sales of 215,000 copies per mont ...

Street & Smith Street & Smith or Street & Smith Publications, Inc. was a New York City publisher specializing in inexpensive paperbacks and magazines referred to as dime novels and pulp fiction. They also published comic books and sporting yearbooks. Among t ...

's Sports Business Daily, and

Inside Lacrosse Inside Lacrosse is a lacrosse media entity and ESPN affiliate. It includes many parts including a news website, an 11 times annual magazine, online video streaming, internet forums and an ESPN television show. The company is currently headquarter ...

. The company is owned by

Advance Publications Advance Publications, Inc., doing business as Advance, is an American media company owned by the descendants of S.I. Newhouse Sr., Donald Newhouse and S.I. Newhouse Jr. It owns a large number of subsidiary companies, including Condé Nast, an ...

. The company receives revenue from

display advertising Digital display advertising is online graphic advertising through banners, text, images, video, and audio. The main purpose of digital display advertising is to post company ads on third-party websites. A display ad is usually interactive (i.e. ...

and

classified advertising Classified advertising is a form of advertising, particularly common in newspapers, online and other periodicals, which may be sold or distributed free of charge. Classified advertisements are much cheaper than larger display advertisements used ...

in its weekly newspaper and

online advertising Online advertising, also known as online marketing, Internet advertising, digital advertising or web advertising, is a form of marketing and advertising which uses the Internet to promote products and services to audiences and platform users. ...

on its

website A website (also written as a web site) is a collection of web pages and related content that is identified by a common domain name and published on at least one web server. Examples of notable websites are Google Search, Google, Facebook, Amaz ...

and from a

subscription business model The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product or service. The model was pioneered by publishers of books and periodicals in the 17th century, an ...

. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week.

History

The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a

public company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (l ...

via an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

and was traded as an over the counter stock. In 1986, the company acquired the full complement of publications from Business Journal Publications, including the St. Louis Business Journal and several other business journals and legal publications. In 1986 Mike Russel acquired ten city business newspapers from Scripps-Howard. Scripps Howard Business Journals was operating ten publications, in Phoenix, Arizona; Los Angeles, San Diego, San Francisco (California); Washington, D.C.; South Florida; Atlanta, Georgia; Dallas-Fort Worth, Houston, (Texas) and Seattle, Washington Ray Shaw joined the company in 1989 and served as the company's

chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

and

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

for 20 years until his death in 2009. Under Ray Shaw's leadership, the company moved its headquarters from

Kansas City, Missouri Kansas City (abbreviated KC or KCMO) is the largest city in Missouri by population and area. As of the 2020 census, the city had a population of 508,090 in 2020, making it the 36th most-populous city in the United States. It is the central ...

and greatly increased the number of its publications. In 1995, the company was acquired by

for $258.8 million. In 2001, the company partnered with

Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washing ...

to provide content for bcentral.com. In 2007, the company acquired

. In 2012, sister company

Condé Nast Condé Nast () is a global mass media company founded in 1909 by Condé Montrose Nast, and owned by Advance Publications. Its headquarters are located at One World Trade Center in the Financial District of Lower Manhattan. The company's media ...

redirected Portfolio.com to the startups page of ACBJ. In 2020, the company launched a book publishing partnership.

Annual awards

The publication publishes the following annual awards for each city: * ''The Business Journal's Forty Under 40'' lists the 40 most successful entrepreneurs under the age of 40. It has been published since 1992. Best Places To Work awards

* ''The Business Journal's Best Places to Work'' ranks top businesses in local areas for best employee experience. Rankings are determined based on surveys on leadership, corporate culture, and communications. Different cities can use different methodologies and rank a different number of employers.

List of publications

* ''Albany Business Review'' – Founded 1974 (as Capital District Business Review). Previously known as Capital District Business Review and The Business Review. The Review publishes an annual ''Book of Lists'' which, for example, contains ranked lists of local engineering firms, colleges, general contractors, fastest-growing companies, labor unions, law firms, hospitals, tourist attractions, apartment communities, manufacturers, etc. * ''Albuquerque Business First'' * ''Atlanta Business Chronicle'' – Acquired in 1986 with purchase of

Scripps Howard The E. W. Scripps Company is an American broadcasting company founded in 1878 as a chain of daily newspapers by Edward Willis "E. W." Scripps and his sister, Ellen Browning Scripps. It was also formerly a media conglomerate. The company is he ...

Business Journals. * ''Austin Business Journal'' – A member of the Austin Chamber of Commerce, with offices in downtown Austin. Publishes several lists and grants several awards annually, among them being "List of Fastest-Growing Central Texas Neighborhoods", "Best Places to Work Award", and "Fast 50" list of rapidly growing companies. * ''Baltimore Business Journal'' – Acquired in 1986 with purchase of Business Journal Publications Corp. * ''Bellingham Business Journal'' * ''

Birmingham Business Journal The ''Birmingham Business Journal'' is a weekly business newspaper published in Birmingham, Alabama, United States. The newspaper was founded in 1983 by Michael C. Randle and Tina Verciglio-Savas and became a part of American City Business Journal ...

'' – Founded in 1983 by Michael C. Randle and Tina Verciglio-Savas. Acquired in 1999. * ''

Boston Business Journal The ''Boston Business Journal'' is a weekly, business-oriented newspaper published in Boston, Massachusetts. It is published by the American City Business Journals. The newspaper was founded by Robert Bergenheim and launched its first issue on ...

'' – Founded by

Robert Bergenheim Robert Carlton Bergenheim (January 19, 1924 – June 5, 2010) was an American journalist and editor who founded the ''Boston Business Journal'', which published its first issue on March 2, 1981. He also served as the publisher of the now defunct ' ...

and launched on March 2, 1981. The newspaper was originally named "P&L The Boston Business Journal" ("P&L" stood for

profit Profit may refer to: Business and law * Profit (accounting), the difference between the purchase price and the costs of bringing to market * Profit (economics), normal profit and economic profit * Profit (real property), a nonpossessory intere ...

and

loss Loss may refer to: Arts, entertainment, and media Music * ''Loss'' (Bass Communion album) (2006) * ''Loss'' (Mull Historical Society album) (2001) *"Loss", a song by God Is an Astronaut from their self-titled album (2008) * Losses "(Lil Tjay son ...

). However, "P&L" was later dropped from the name. Acquired in 1996 with purchase of CityMedia Inc. * ''Buffalo Business First'' * ''Charlotte Business Journal'' * ''Chicago Business Journal'' * ''

Cincinnati Business Courier American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...

'' – Acquired in 1986 with purchase of Business Journal Publications Corp. Print edition has a circulation of more than 50,000 business owners, professionals and decision makers, and more than 10,000 email subscribers receive a free daily news update. * ''Cleveland Business Journal'' – Launched in May 2020 * ''Columbus Business First'' * ''Dallas Business Journal'' – Acquired in 1986 with purchase of

Business Journals. * ''Dayton Business Journal'' * ''Denver Business Journal'' – Acquired by American City Business Journals in 1989 * ''Hartford Business Journal' 'HEMMINGS Motor News * ''Houston Business Journal'' – Acquired in 1986 with purchase of

Business Journals. The ''Houston Business Journal'' had occupied space in the Park Towers for a period of over 10 years. Offices moved to 5444 Westheimer Road effective November 5, 2012. * ''

Jacksonville Business Journal The ''Jacksonville Business Journal'' is a weekly newspaper and daily website in Jacksonville, Florida. Part of the American City Business Journals, it covers business news in Jacksonville and Northeast Florida. It began publishing in 1985. The ...

'' – Began publishing in 1985. Publishes annually a Book of Lists, which contains updated, ranked lists on a subjects including largest employers, largest companies, largest law firms, and similar lists. * ''Kansas City Business Journal'' – Co-founded by Michael K. Russell and William Worley in August 1982. * ''L.A. Biz'' – Online only. * ''Louisville Business First'' – Founded in 1984 * ''Memphis Business Journal'' – Founded by Ward Archer as ''Mid-South Business'' in 1979. * ''Milwaukee Business Journal'' – Acquired in 1996 with purchase of CityMedia Inc. * ''Minneapolis / St. Paul Business Journal'' – Acquired in 1996 with purchase of CityMedia Inc. * ''Nashville Business Journal'' * ''

Orlando Business Journal American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...

'' – Gives local awards for Women Who Mean Business * ''Pacific Business News'' – Started by entrepreneur George Mason and former ''

Honolulu Star-Bulletin The ''Honolulu Star-Bulletin'' was a daily newspaper based in Honolulu, Hawaii, United States. At the time publication ceased on June 6, 2010, it was the second largest daily newspaper in the state of Hawaii (after the ''Honolulu Advertiser''). ...

'' editor John Ramsey. In 1983, Mason sold the newspaper to ACBJ, though he continued to write a regular column for more than a decade after that. * ''

Philadelphia Business Journal American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...

'' – Founded in 1982, acquired in 1996 with purchase of CityMedia Inc. * ''Phoenix Business Journal''- Founded in 1980, Acquired in 1986 with purchase of

Business Journals. * ''

Pittsburgh Business Times American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...

'' – Founded in 1981, acquired in 1986 with Business Journal Publications Corp. Sold in 1988. Reacquired in 1996 with purchase of CityMedia Inc. * ''Portland Business Journal'' * ''

Puget Sound Business Journal The ''Puget Sound Business Journal'' (PSBJ) is a weekly American City Business Journals publication containing articles about business people, issues, and events in the greater Seattle, Washington area. The publication also publishes a technology ...

'' – Acquired in 1986 with purchase of

Business Journals In 2010, the newspaper was a finalist for a

Pulitzer Prize The Pulitzer Prize () is an award for achievements in newspaper, magazine, online journalism, literature, and musical composition within the United States. It was established in 1917 by provisions in the will of Joseph Pulitzer, who had made h ...

in Explanatory Reporting for a series of stories about the foreclosure crises and the federal shutdown of Seattle-based

Washington Mutual Washington Mutual (often abbreviated to WaMu) was the United States' largest savings and loan association until its collapse in 2008. A savings bank holding company is defined in United States Code: Title 12: Banks and Banking; Section 1842: Def ...

. The stories were reported by staff writers

Kirsten Grind Kirsten Grind (née Kirsten Orsini-Meinhard) is an American journalist and author. She is an investigative reporter for The Wall Street Journal in San Francisco, the co-author of the upcoming book, Happy At Any Cost, The Revolutionary Vision and ...

and Jeanne Lang Jones, and edited by Managing Editor

Alwyn Scott Alwyn Scott is an American journalist. In 2010, he was named as a finalist for the Pulitzer Prize for editing a series of articles investigating the shutdown and sale of Washington Mutual, the largest U.S. bank to fail, and the foreclosure crisis. ...

. Congressman

Dave Reichert David George Reichert (; born August 29, 1950) is an American politician, veteran, and former sheriff who served as the U.S. representative for Washington's 8th congressional district from 2005 to 2019. He is a Republican and is the former ele ...

later honored the PSBJ, praising its "inclusive and thorough" reporting as an "invaluable public service". * ''Sacramento Business Journal'' – Acquired in 1996 with purchase of CityMedia Inc. * ''St. Louis Business Journal'' – Established in 1980 with Dan Keough at the helm; acquired in 1986 with purchase of Business Journal Publications by ACBJ. * ''San Antonio Business Journal'' * ''San Francisco Business Journal'' – Acquired in 1986 with purchase of

Business Journals. In 2008, ''East Bay Business Times'' merged with the ''San Francisco Business Times''. * ''Silicon Valley / San Jose Business Journal'' * ''South Florida Business Journal'' – Founded in 1980 as ''Miami Business'', it changed its name in 1983. Acquired in 1986 with purchase of

Business Journals. * ''Tampa Bay Business Journal'' – Founded as ''Tampa Bay Business'' in 1981, renamed in the late 1990s as ''The Business Journal Serving Tampa Bay'' * ''Triad Business Journal'' * ''Triangle Business Journal'' * ''Washington Business Journal'' – Acquired in 1986 with purchase of

Business Journals. * ''Wichita Business Journal''

References

External links

*
American City Business Journals corporate website

The Business Journals

Street & Smith's SportsBusiness Journal

Hemmings Motor News

Biz Journals
{{Advance Publications 1990 initial public offerings 1995 mergers and acquisitions Advance Publications American corporate subsidiaries Business newspapers published in the United States Companies based in Charlotte, North Carolina Mass media companies established in 1985 Weekly newspapers published in the United States 1982 establishments in the United States