CTM Media Holdings (CTMMA; CTMMB) Becomes IDW Media Holdings
The CTM Media Holdings group has been rebranded to reflect the majority of its contents, so that it is now IDW Media Holdings, and Ted Adams, current CEO of IDW Publishing, will take over as the CEO of IDW Media Holdings as well. The press release follows.
CTM Media Holdings, Inc., a holding company consisting of CTM Media Group and a majority interest in IDW, announced today that it will begin operating under the name IDW Media Holdings to reflect the growth of IDW as its principal line of business, and Ted Adams, a founding partner and current CEO and Publisher of IDW, will take over as CEO of IDW Media Holdings.
IDW Media Holdings, Inc. will be an integrated media company consisting of IDW Publishing, the award-winning, San Diego-based comic-book and graphic novel publisher; CTM Media Group, a distributor of print and digital advertising; IDW Entertainment, the television-development arm of IDW Publishing; San Diego Comic Art Gallery, a new comic art gallery space launching in summer 2015; Ettractions, a travel-based web portal; Top Shelf Productions, a publisher of independent and creator-driven graphic novels; IDW Games, producer of tabletop board games and card games; and IDW Limited, the high-end print collectibles division of IDW Publishing.
“Ted Adams has built IDW into an entertainment giant,” said Howard Jonas, the chairman of CTM Media Holdings. “IDW’s growth in just its fifteen years of existence has been extraordinary and is a testament to Adams’ ability to build, diversify and grow his business. He is the perfect person to serve as CEO over IDW Media Holdings and continue to grow all its interests in exponential ways.”
CTM Media Holdings currently has two classes of common stock listed on the OTC Pink Sheets Pink Tier under the symbols CTMMA and CTMMB. As part of an integrated effort to boost the presence of the Company, IDW Media Holdings will register its common stock under the Securities Exchange Act of 1934 and seek to list its shares on a national securities exchange with a ticker symbol reflecting its updated identity.
“These changes will be great for all of our media business units and even better for investors,” said Ted Adams, IDW Media Holdings’ CEO. “As I’ve done throughout my time running IDW Publishing, I am looking to grow the business with the established teams we already have in place. We are poised to make IDW Media Holdings into something truly beneficial for all involved.”