several titles, including Saveur, Popular Science and Field & Stream, from Bonnier Corporation in 2020.: In his note, Vargas said Craddock approached the Recurrent team "with a compelling offer and plan to operateHe framed the deal as a win/win for the company and Saveur.
Vargas said the deal won't have an impact on JancisRobinson.com, its wine website that offers a membership service.Recurrent operates roughly 20 small, digital media companies across a few niche verticals, including home, design, food and automotive. Vargas said that since "SAVEUR was our only food-focused brand, and the M&A market has yet to present meaningful opportunities where we could grow, we didn’t have the same scale that we do in other verticals.": The company is planning an all-hands meeting about the sale Monday afternoon, per the letter.