Farm Journal Media acquires majority stake in Commodity Update
Rosemont, Ill.—Farm Journal Media announced it has acquired a majority interest in Commodity Update, a mobile media company for the agriculture industry. Financial terms of the deal were not disclosed.
Farm Journal acquired a minority stake in the company, which has 75,000 subscribers, two years ago.
Joel Jaeger will continue to serve as CEO of Commodity Update and join Farm Journal's executive leadership team, according to the companies.