Company: New Tradition Media Offices: New York – 588 Broadway, New York, NY 10012 Los Angeles – 3007 Washington Boulevard, Marina Del Rey, CA 90292 Email: contact@newtradition.com Founded in 2010, New Tradition is one of the fastest-growing Out-Of-Home media companies in the United States as well as one of […]
Insider Note: We had originally posted on this story back in May when Bloomberg got wind of the acquisition. The formal announcement came out this week with a bit more detail. NEW YORK–(BUSINESS WIRE)–Blackstone (NYSE:BX) announced today that funds managed by Blackstone Tactical Opportunities (“Blackstone”) have acquired a majority stake […]
Bloomberg reports that a Blackstone Media investment fund is buying a majority stake in New Tradition. Some details. The transaction values New Tradition at $500-750 million. New Tradition CEO Evan Richheimer and COO Brett Richheimer will stay on to run the company. New Tradition has been expanding. In April New […]
