Chris Ferrell, Patrick Rains and company are returning to SouthComm, Inc.—or, perhaps more accurately, SouthComm is returning to them.
Endeavor Business Media—the firm launched by Ferrell just weeks after his departure from SouthComm last November as part of a “change in strategic direction” at the company—announced Monday that it has acquired SouthComm’s remaining assets, including 17 trade magazines and a handful of affiliated websites and trade shows.
“From the moment I left SouthComm, I set about trying to put together the resources to acquire the B2B brands when the company put them on the market,” Ferrell tells Folio:. “I told the staff this morning that I have been looking forward to this day for eight months.”
SouthComm, which Ferrell founded in 2007 and headed as CEO until last year, had spent the last several months selling off its considerable holdings in the local alt-weekly space piece-by-piece—including the Nashville Post and Nashville Scene, the Washington City Paper, and Kansas City’s The Pitch, among others—in an apparent bid to focus more on its b2b brands, which, by most accounts, were a stronger business.