"Professional Tool & Equipment Distributor" sold to Cygnus Business.Cygnus Business Media Cygnus Business Media is an American magazine publisher, internet information developer, exposition management provider and custom marketing services company. It was founded in 1966 with the initial acquisition of Photo Trade News, a magazine founded in 1937 which continues to (Westport Westport, residential town (1990 pop. 24,407), Fairfield co., SW Conn., on Long Island Sound at the mouth of the Saugatuck River; settled 1645–50, inc. 1835. It serves as a popular residence for New York City commuters. Westport has a summer theater. , CT) has completed the acquisition of Professional Tool & Equipment Distributor magazine from Marketing Advertising Communications Services Inc. (Chicago, IL). No terms were given. The acquired title is published six times a year with a controlled circulation of 10,000 tool distributors for the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . Cygnus currently publishes Professional Tool & Equipment News, a title acquired by Cygnus from PTEN PTEN Protein Tyrosine Phosphatase PTEN Phosphatase and Tensin Homolog PTEN Prime Time Entertainment Network (television network) Publishing (Laguna Beach Laguna Beach (ləg  `nə), city (1990 pop. 23,170), Orange co., S Calif., on the Pacific coast; founded 1887, inc. 1927. , CA) in 1999. Launched in 1990, it has a controlled circulation of 116,000 owners, managers and technicians in the automotive repair industry. Also, Cygnus' Fleet Maintenance magazine is targeted to firms engaged in fleet maintenance and repair. Cygnus group vice president Pat Nadler said that "Cygnus can now reach the distributors as well as end-users in the mechanical tool and repair industry." The purchase "will enable us to offer even greater opportunities to advertisers," Nadler added. |
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