Jul
13
Crain Communications Changes Family Ownership Structure
Posted in: Uncategorized
Crain Communications, the parent company of brands including Advertising Age and Crain’s Detroit Business, has changed its ownership structure with the buyout of longtime President Rance Crain and his family.
Crain Communications acquired Rance Crain’s 50% stake in the company, giving Chairman Keith Crain, along with his wife, sons and daughter, full control of the Detroit-based publishing company.
Keith Crain and Rance Crain are brothers and the sons of founder G.D. Crain Jr.
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