Struggling Art-and-Framing Magazines Look to New Owner for Survival

Next Step Media logoART BUSINESS, DECOR and VOLUME, formerly of Summit Business Media, have a new owner, Next Step Media, co-founded by Summit Publisher Kim Feager, who is leading a group of other Summit professionals.

“I’m thrilled to be taking on this exciting new endeavor with such a dedicated and experienced team of art-and-framing professionals, who not only have an inspiring passion and knowledge of our core products, but who also have a great love and dedication to the industry as a whole,” Feager said.

Summit went on a buying binge in 2006 and 2007 under its late founder Bill Reilly but has been forced to pare down its portfolio to its core insurance and professional financial services products.  Summit also closed its Cleveland office, which was devoted primarily to the art magazines and related events.  “The group had no strategic fit to the rest of Summit and it was performing poorly,” CEO Andy Goodenough said.

The newly redesigned websites can be found at www.decormagazine.com, www.artbusinessnews.com and www.volumeframingmagazine.com

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