Author: Anonymous
PENNMEDIA PURCHASES COOLTRAVELMAIL
Combines For Over 15 Million Travel Enthusiasts
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Chicago, IL - Penn Media announced today the acquisition of travel publisher CoolTravelMail for an undisclosed amount of cash. The acquisition further enhances Penn Media's hold
within the lucrative travel industry. Penn Media CEO, Jaffer Ali commented,
"The travel sector is a $200 billion annual industry. The acquisition of Los Angeles based CoolTravelMail solidifies Penn's position as a major force in travel marketing. With a combined total of 15 million subscribers who are travel
enthusiasts, Penn's reach dwarfs any offline publication in the Travel & Leisure category.
The 15 million database includes actual subscribers to travel related publications delivered via email as well as travel enthusiasts who plan on taking a vacation within the next six
months. With this reach, we should be able to help this sector with a scaleable advertising solution."
This acquisition makes CoolTravelMail the ninth publishing entity to be acquired by Penn within the last ninety days.
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Penn Media is the largest online publisher and ad
network of publications delivered via email with over 51 million opt in subscribers to over 1000 different publications.
Tags:
 | As seen in Fine Living Magazine, click here to see the front cover and main spread. |  | "ONE OF THE BEST VALUE SMALL HOTELS IN CAPETOWN"-Conde Nast Traveller, click here |  | As seen in The Guardian, click here to see the main spread. |
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