CTM Media Holdings, which owns a majority interest in IDW Publishing, has changed its name to IDW Media Holdings, and placed IDW co-founder and CEO Ted Adams at its helm. The move paves the way for IDW to become listed on a stock exchange.
Telecommunications company IDT Corporation bought a controlling stake in the publisher in 2007, and then two years later created the spinoff CTM Media Holdings to house IDW Publishing, travel-based web portal Ettractions, and brochure and digital advertising distributor CTM Media Group.
In addition to those three divisions, IDW Media Holdings consists of IDW Entertainment, IDW's television-development arm; IDW Games; IDW Limited, the high-ends print collectibles imprint; Top Shelf Productions; and the recently announced San Diego Comic Art Gallery, part of IDW's new offices in the former Navy barracks within San Diego’s historic NTC at Liberty Station.
“These changes will be great for all of our media business units and even better for investors,” Adams said in a statement. “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.”