SLJ & Library Journal Parent Company Acqired by Private Equity Company

Via Mediabistro's GalleyCat:

The private equity firm RLJ Equity Partners has acquired Media Source, Inc. (MSI), the company that owns School Library Journal, Library Journal, Junior Library Guild and The Horn Book.

RLJ founder Robert L. Johnson had this comment in the release: “We believe MSI is a very important company in terms of its contributions to improving library systems and public school systems … We are pleased to own a company that is a trusted resource for librarians and school systems across the country and look forward to expanding in metropolitan markets domestically and internationally.”

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