Primedia Agrees to Sell Daily Racing Form

Posted on July 24, 1998

PriMedia Inc. announced that it has signed a definitive agreement to sell Daily Racing Form, the 104-year-old daily newspaper of thoroughbred racing, for cash to a group of investors led by the merchant-banking affiliate of Alpine Capital Group of New York and racing journalist Steven Crist. The new owners have stated that they intend to continue publishing the Form without interruption.

Alpine, founded in 1990, is a specialized investment banking firm with investments in various communications fields including radio, music, television and telecommunications; as well as the lodging and upscale child-care industries.

Crist, a former New York Times reporter and columnist, was editor in chief of The Racing Times from 1990 to 1992 and vice president of the New York Racing Association from 1994 to 1997.