Template:About Template:Short description {{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }} RentPath Inc. is a media company that owns Rent.com, ApartmentGuide.com, Lovely, and Rentals.com, which combined see 16 million visitors each month.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> It was previously called K-III and PriMedia.<ref>Template:Cite news</ref> The company was acquired by Redfin in April 2021.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
During its heyday of Template:Circa 1991 to Template:Circa 2007, K-III/Primedia built a collection of more than 200 magazines that included Chicago and New York,<ref name=Reilly-NYTObit>Weber, Bruce. "Bill Reilly, Magazine Publishing Executive, Dies at 70", The New York Times, October 20, 2008. Accessed October 23, 2008.</ref> as well as Automobile, Truckin' Magazine, Soap Opera Digest, Soap Opera Weekly, Seventeen, and Weekly Reader.
HistoryEdit
Foundation as K-IIIEdit
The company, initially called K-III Communications Corporation, was founded in 1989 by Kohlberg Kravis Roberts and Macmillan Inc. president Bill Reilly,<ref>Template:Cite magazine</ref> as a platform to buy media properties. Its first acquisitions were Macmillan's Book Clubs, Gryphon Editions (renamed Newbridge Communications), and Intertec Publishing; and Maxwell Communications Corporation's Webb Publishing.<ref>Template:Cite news</ref>
In 1990, K-III acquired Ward's from Thomson Corporation<ref>Template:Cite news</ref> It also acquired the business publications of Andrews Communications; Readers Garden, operator of special interest book clubs; and Weekly Reader and Funk & Wagnalls from Marshall Field V.<ref>Template:Cite news</ref>
In 1991, it acquired nine magazines from News Corporation for $600 million: Daily Racing Form, Soap Opera Digest, Soap Opera Weekly, New York, Seventeen, Premiere, European Travel & Life, Automobile, and New Woman.<ref>Template:Cite news</ref>
In 1992, it acquired medical publisher Krames from Grolier,<ref>Template:Cite news</ref> and Films for the Humanities & Sciences.
In 1993, it acquired three magazines from Wiesner, and The World Almanac from E. W. Scripps Company.
In 1994, K-III acquired Stagebill; Gibbs College;<ref>Template:Cite news</ref> Haas Publishing (now Consumer Source Inc.), publisher of Apartment Guide; and PJS Publications.<ref>Template:Cite news</ref>
Going publicEdit
In 1995, the company became a public company via an initial public offering, selling 15 million shares at $12 per share in a deal that left Kohlberg Kravis Roberts with control of 82.2% of the company's shares.<ref>Template:Cite news</ref> It also acquired the US trade magazine operations of Maclean-Hunter,<ref>Template:Cite news</ref> Chicago from Landmark Media Enterprises, and McMullen & Yee Publishing, a publisher of automotive magazine.
In 1996, the company acquired 14 publications from Cahners Consumer Magazines, Pro Football Weekly,<ref>Template:Cite news</ref> and Westcott Communications,<ref>Template:Cite news</ref> later renamed Primedia Workplace Learning.
In 1997, the company acquired Farm Press,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Park Avenue Publishing, publisher of Lowrider,<ref>Template:Cite news</ref> and Intellichoice. It also sold Krames to the Times Mirror Company,<ref>Template:Cite news</ref> sold New Woman to Rodale, Inc., and sold Gibbs College to Career Education Corporation.
Rebranding as Primedia; shift away from printEdit
As of November 18, 1997, the company changed its name to Primedia to more clearly focus on its core business.<ref>Template:Cite news</ref>
In 1998, the company acquired the Cowles Enthusiast Media and Cowles Business Media divisions of Cowles Media Company from McClatchy Newspapers.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> It sold Daily Racing Form to private investors, sold Stagebill to Fred B. Tarter, sold Newbridge Communications to Doubleday Direct,<ref>Template:Cite news</ref> and acquired Sterling/MacFadden's teen magazines and teen publisher Laufer Publishing.
In 1999, as the company's stock remained moribund,<ref>Template:Cite news</ref> it sold its education unit (Weekly Reader, The World Almanac) to Ripplewood Holdings, acquired Multimedia Publishing,<ref>Template:Cite news</ref> and sold Better Nutrition, Southwest Art, and Vegetarian Times to Sabot Publishing.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>Template:Cite news</ref>
In 2000, the company acquired the digital media company About.com for $690 million.<ref>Template:Cite news</ref>
In January 2001, as part of a joint venture, Primedia handed over editorial control of its trade publications that reported on the media industry to Steven Brill.<ref>Template:Cite news</ref> Later that year, the company acquired EMAP's U.S. magazines<ref>Template:Cite news</ref> and closed Country Journal. In October 2001, Primedia dissolved its partnership with Brill.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
In 2002, the company sold Modern Bride to Condé Nast Publications,<ref>Template:Cite news</ref> sold Pro Football Weekly to Arkush family, sold Chicago to Tribune Company, and sold American Baby to Meredith Corporation.
In 2003, the company sold Volleyball, Teddy Bear and Friends and Doll Reader to Ashton International Media,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> sold Seventeen to Hearst Corporation for $182.4 million,<ref>Template:Cite news</ref> sold New York to Bruce Wasserstein for $55 million,<ref>Template:Cite news</ref> sold Tiger Beat and Bop to Laufer Media, sold Kitplanes to Belvoir Publications,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> and sold Simba Information to R.R. Bowker.<ref>Template:Cite news</ref>
In 2004, the company sold Folio and Circulation Management to a joint venture with Red 7 Media.<ref>Template:Cite news</ref>
In 2005, the company sold About.com to The New York Times Company for $410 million,<ref>Template:Cite news</ref> sold Prism Business Media (ex-Intertec) to private investors Wasserstein & Co. (later merged with Penton Media), and sold Ward's to Prism Business Media.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
In 2006, the company was publishing over 280 separate magazine titles.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> That year, it sold history magazines to Weider History Group,<ref>Template:Cite news</ref> sold Crafts Group to Sandler Capital Management for $132 million,<ref>Template:Cite news</ref> and sold Outdoor Group to InterMedia Partners<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
In 2007, the company sold a group of 17 outdoor-oriented magazines to InterMedia Outdoors for $170 million in cash, in a deal that included Guns & Ammo and Fly Fisherman. It also sold its Enthusiast Media division to Source Interlink, controlled by Ronald Burkle, in a deal that netted Primedia $1.15 billion in cash in exchange for a group of more than 70 magazines, including Motor Trend and Soap Opera Digest and 90 consumer websites. The deal left Primedia to focus on a series of free print and online consumer guides published by its Consumer Source unit.<ref>Template:Cite news</ref><ref>Template:Cite news</ref> It also sold Gems group to Interweave,<ref>Template:Cite news</ref> sold Climbing to Skram Media,<ref>Template:Cite news</ref> sold Films for the Humanities & Sciences to Infobase Publishing,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> and sold Channel One News to Alloy Media and Marketing.
In 2008, the company sold South Florida Auto Guide and Wisconsin Auto Guide to Target Media Partners and closed Atlanta Auto Guide.
In 2009, the company closed Today's Custom Home.
Acquisition by TPG Capital and shift toward real estateEdit
In 2011, TPG Capital bought Primedia for $525 million,<ref>Template:Cite news</ref> taking the company private and delisting it from the New York Stock Exchange. In 2012, Primedia acquired rent.com from eBay.<ref>Template:Cite press release</ref><ref>Template:Cite news</ref>
In 2013, the company changed its name to RentPath. In 2014 it acquired Lovely for $13 million.<ref>Template:Cite news</ref>
In 2014, Providence Equity Partners LLC acquired 50% of the company.<ref>Template:Cite news</ref>
In July 2015, former CEO of Autotrader.com, Chip Perry, was named president and CEO of RentPath. He succeeded Charles Stubbs, who remained on the RentPath board of directors.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In November 2015, Chip Perry stepped down as president and CEO of RentPath, to take over as CEO of TrueCar.<ref>Template:Cite news</ref>
RentPath named Marc P. Lefar as President and CEO on April 4, 2016.<ref>Template:Cite press release</ref>
BankruptcyEdit
In February 2020, RentPath filed bankruptcy in preparation for acquisition by CoStar, which reached an agreement to acquire RentPath for $588 million.<ref name=RentPath.CoStarYahoo>Template:Cite news</ref> On December 29, 2020, new CEO Dhiren Fonseca<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> terminated RentPath's agreement to be acquired by CoStar.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
On April 5, 2021, RentPath was acquired by Redfin for $608 million.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> RentPath rental home listings were to be integrated into Redfin.com by 2022. RentPath's headquarters remain in Atlanta and Fonseca remains in his role as CEO while the new owners seek a new permanent head.