NewPoint Media Group, LLC has completed the purchase of business assets from Network Communications, Inc. (NCI), including all print and digital assets, and trademarks of long standing real estate brands, The Real Estate Book, Mature Living Choices, Senior Living Choices, New Home Finder, New Homes & Ideas, New Homes Journal brands along with NCI’s publication printing division and facilities. Scott Dixon and Stuart Christian, both longtime management executives of NCI partnered with Lion Equity Partners to form NewPoint Media Group, to complete the purchase.
NCI retains the assets associated with Apartment Finder, Unique Homes, ByDesign Publishing, along with home design titles and Digital Sherpa division. NCI and NewPoint will continue to have an ongoing business relationship. NCI will provide distribution services to NewPoint while NewPoint provides printing services to NCI.
“We are all pleased with the outcome of this transaction,” NewPoint Chief Executive Officer, Scott Dixon exlpains. “Our President and Chief Operations Officer, Stuart Christian and I have both been associated with these brands and this business for years and are excited about the opportunity to continue to grow. Our visions of future opportunities aligned well with Lion Equity’s vision so our direction and path for NewPoint Media Group is clearly defined. It’s an exciting time for all of us.”
In addition to the aforementioned titles, NewPoint purchased NCI’s state of the art printing facility and publications print division. “Through the years, this division has become experts in niche publication printing and in providing the associated digital assets, such as mobile apps and digital magazines,” Christian adds. “We specialize in producing quality publications consistently with quick turnaround. We provide these services for a variety of industries now and will continue to expand that business.”
NewPoint Media Group added David Brazeal to serve as chief financial officer and retained top management associated with the brands and facility purchased. David has served as the chief financial officer of investor-backed companies in a variety of industries including distribution, manufacturing and business services. He began his career at KPMG and is a certified public accountant. Susan Quinn Deese will serve as senior vice president and general counsel.
For more information, visit www.NewPointMediaGroup.com.
