Penguin Random House is selling Fodor's Travel to Internet Brands, an online media and technology company whose travel websites include FlyerTalk.com and Wikitravel.org. Fodor's will become part of its new owner's consumer home/travel group, while PRH will continue to sell and distribute Fodor's print guides to the book trade on behalf of Internet Brands.
"We couldn't be more proud of all that Fodor's has accomplished as a highly popular and innovative travel-content brand, whose own great journey has been its transformation from a print to a digital company, with an outstanding digital portfolio to match the quality of its iconic print guides," said PRH CEO Markus Dohle. "For Fodor's to now reach its fullest e-commerce potential we believe the best path forward is for it to become part of Internet Brands: highly motivated tech entrepreneurs and content creators who share our passion for the brand, and have the focus, drive, and resources to deliver greater benefits to consumers and to business partners from Fodor's online presence. We look forward to working with Internet Brands to ensure that Fodor's print guides continue to thrive."
Bob Brisco, CEO at Internet Brands, commented: "The Fodor's name is legendary, and we have a deep appreciation for its history and the direct impact Fodor's has on the way people explore new places. Internet Brands has a proven history of navigating legacy brands to strong growth in the digital world. We're confident that Internet Brands is the ideal partner to ensure that the Fodor's brand continues to guide travelers for generations to come."