Open Sky Media Acquires Marin MagazineBy Paul Wormley
Marin Magazine serves an affluent readership that is attracted to the magazine's high quality content centered around local arts and entertainment, food, home & design, fashion, social and feature stories.
Nikki and Jim Wood, founders of Marin Magazine, will continue to lead Marin Magazine's experienced and talented team of writers, photographers, artists, designers and account representatives.
Marin County is good fit with Open Sky Media's desire to operate in healthy, affluent markets with strong local economies. Marin County has the second highest median income west of the Mississippi River and the second highest median home value in the United States. The county is also a major tourists destination thanks to its proximity to San Francisco and Golden Gate Bridge, abundant retail and dining options, and rich outdoor attractions including Muir Woods and Point Reyes National Seashore.
Open Sky Media was introduced to Marin Magazine by a buy-side intermediary. Open Sky Media paid a success fee to the intermediary at closing.
Open Sky Media continues to seek additional city/lifestyle magazines with strong brands that serve healthy, affluent markets and that compliment Open Sky Media's other titles including Austin Monthly, Austin Home, San Antonio Magazine, Slice Magazine, and now, Marin Magazine.
Paul Wormley - General Partner
Paul joined Hadley Capital in 2005. He has spent his entire career working with small and emerging companies. Paul grew up in a family business environment and is an owner of his family’s community newspaper business. Paul works with GT Golf Supplies, Pneu-Con, Open Sky Media and Centare. He was the chairman of the board of directors for i-deal Optics, a previous Hadley Capital company.
Paul is an outdoor enthusiast who enjoys fishing, hunting, riding motorbikes, Crossfit and an occasional craft beer. He works closely with a number of non-profit organizations including One Acre Fund and Trout & Salmon Foundation, and serves as chairman of the Finance Committee at his church.
Paul is a graduate of the University of Colorado at Boulder and received an MBA from the Kellogg School of Management at Northwestern University. He and his wife, Rosemary, have three children.