Michigan company purchases Vero Beach Magazine’s assets
Michigan-based Hour Media has purchased the assets of Vero Beach Magazine from Moulton Media, a company founded by Beth Moulton of Vero Beach 24 years ago.
The sale was announced Nov. 12. Hour Media purchased the assets through its subsidiary Palm Beach Media Group, publisher of Palm Beach Illustrated, Naples Illustrated, Fort Lauderdale Illustrated, Jupiter Magazine, Stuart Magazine, Aventura and Florida Design.
Hour Media, the largest publisher of city and regional magazines in the country, and its related entities produce more than 150 magazines and custom titles throughout the United States.
The purchase leaves Indian River Magazine as one of the few locally owned competitors to Vero Beach Magazine. Indian River Magazine Inc. was founded in 2006 by Treasure Coast natives Gregory Enns and Allen Osteen and today, through its Indian River Media Group, produces nine titles in Indian River, St. Lucie, Martin and Brevard counties. Besides Indian River Magazine, the titles include Space Coast Living, Port St. Lucie Magazine, Treasure Coast Business Magazine, Fort Pierce Magazine, Discover the Space Coast, the St. Lucie travel guide and programs for the Sunrise Theatre in Fort Pierce and Emerson Center in Vero Beach.