BRANT PUBLICATIONS TAKES FULL CONTROL OF ART MEDIA ASSETS OF ARTNEWS S.A.

Brant Publications, Inc., announced today that as of May 25 it has taken full control of all assets of Art in America, LLC; BAM Modern, LLC; Antiques, LLC; and Artnews Ltd. from their Poland-based parent company, Artnews S.A. Peter M. Brant, art collector and owner of BMP Media Holdings, LLC, is now the legal owner of the publications.

In 2015, Brant, the longtime owner of Art in America, Antiques, and Modern, had given up 100 percent of his holdings to Artnews S.A., the publisher of ARTnews, but became the largest controlling shareholder in the company. A few months later, ARTnews transitioned from a monthly publication to a quarterly. The CEO of the magazine, Isabel Depczyk, resigned four months later. In a statement about the 2015 merger, Brant said, “Under one umbrella, the combined company will have some of the most important cultural publications that together provide the complete content and history of decorative arts, classical arts and art-related news.”

In a statement about the recent reshuffling in ownership, Brant said, “The US magazines that BMP originally brought into this transaction, Art in America, The Magazine Antiques, and Modern, will continue their normal operation, as will ARTnews, under our management. This will allow us to begin to grow the US magazines.”

Founded by Brant in 1984, Brant Publications also owns Interview, the fashion and culture magazine created by Andy Warhol.