Retail Industry
Industry: Email Alert RSS FeedArrow and book publisher Carol to form Citadel Communications. (Arrow Entertainment; The Carol Publishing Group)
Video Business, July, 1996
Arrow Entertainment and The Carol Publishing Group have agreed to merge and form an "integrated entertainment company," according to Arrow chairman Dennis Friedland and Carol chairman Steve Schragis. Each will serve as co-chairman of the new company, to be called Citadel Communications. Current Carol chief Bruce Bender will become president of the new company, to debut July 26.
According to Schragis, Carol Publishing, a New York book distributor with estimated annual revenues of $20 million, has long sought to break into the video retailing market on the strength of the company's Citadel Press imprint of film and TV books. The 188-title Citadel library consists largely of over-sized, picture-filled books on popular movie stars, directors and genres ranging...
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