Boston Ventures Portfolio Company New Track Media Acquires CK Media

BOSTON, July 7 /PRNewswire/ -- Boston Ventures, a leading middle market
private equity firm that invests in the media, information and publishing,
entertainment, and communications sectors, today announced that its Fund VI
portfolio company, BVK Holdings, owner of the consumer enthusiast publisher
New Track Media, has acquired CK Media, LLC, a leading publisher of quilting,
sewing, and scrapbooking magazines.

CK Media includes nine magazines with combined circulation of about 1 million
in the soft craft subject areas of quilting, sewing and scrapbooking. The
business also includes a conference and events division, book publishing,
digital properties, and other business units serving the same consumer base of
soft craft hobbyists. CK Media's consumer magazines are household names and
market leaders providing content and community resources for scrapbooking,
paper crafting, quilting and sewing. Its key publications are Creating
Keepsakes, the market leader serving scrapbooking enthusiasts, several
quilting titles such as McCall's Quilting and Quilters Newsletter, and various
others including Sew News.

Stephen J. Kent, CEO of New Track Media, said, "The acquisition of CK Media
makes New Track the largest consumer platform focused on crafts and specialty
merchandise publications. We are primarily a business that serves the
information needs of soft craft hobbyists using a range of print and digital
product. We are committed to sensible growth that improves our ability to do
the best job possible for these consumers, and there is no question that this
is a logical extension of that commitment. The Company's diverse range of
magazines and online content make this a very strong complement for our
existing portfolio."

The CK Media business had been acquired from PRIMEDIA in 2006 by the private
equity firm Sandler Capital. They engaged the investment banking firm DeSilva
& Phillips earlier this year to explore strategic alternatives, which resulted
in the sale to BVK. The acquisition of CK Media increases New Track's annual
revenues to approximately $80 million.

Elizabeth Granville-Smith, a Managing Director at Boston Ventures, said,
"Boston Ventures remains active in this challenging environment which is
enabling us to identify strategically beneficial companies with attractive
valuations as lenders restructure their credits. Because of the niche sector
in which New Track operates, it continues to perform on budget, and we are
pleased to enhance its brand offerings with the addition of CK Media."

About New Track Media
New Track Media LLC is wholly owned by BVK Holdings LLC, an entity formed by
Boston Ventures and Stephen J. Kent for the purpose of building up a premier
consumer enthusiast publishing platform in a range of special-interest subject
areas. New Track Media and BVK operate from offices in Cincinnati, Ohio, which
is where the firm has a corporate development team.

About Boston Ventures
Boston Ventures is one of the oldest and most experienced media and
communications focused private equity firms in North America. Since its
founding in 1983, the firm has invested nearly $2.5 billion in over 70
companies, actively targeting investments in the media, information and
publishing, entertainment, and communications industries. For more
information, please visit www.bostonventures.com.

Contact: Chris Tofalli
Chris Tofalli Public Relations
914-834-4334

SOURCE Boston Ventures

Chris Tofalli, Chris Tofalli Public Relations, +1-914-834-4334