101 turns 1105.Business-to-business  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. publisher 101 Communications in Chatsworth Chatsworth, estate, Derbyshire, central England, near Chesterfield. It is the seat of the dukes of Devonshire. Begun in 1552, the present Classical-style Chatsworth House was rebuilt in 1686. now belongs to 1105 Media, a new company backed by private equity firms Nautic Partners and Alta ALTA Alberta (Canada) ALTA AltaVista (stock symbol) ALTA American Land Title Association ALTA American Literary Translators Association ALTA Atlanta Lawn Tennis Association Communications in partnership with Neal Vitale, the former publisher of Variety. 1105 Media made the acquisition from Chicago-based private equity firm Frontenac Co. Financial terms were not disclosed. The deal includes 11 magazines, 19 Web sites, 36 electronic newsletters, plus related conferences and events. 101's best-known titles include Federal Computer Week, for government contractors A government contractor is a private company that produces goods or services under contract for the government. Often the terms of the contract specify cost plus – i.e., the contractor gets paid for its costs, plus a specified profit margin. ; Recharger, for the office document industry; and Campus Technology for the educational market. The same week as the 101 purchase, 1105 announced the acquisition of Stevens Publishing in Washington, D.C. The company publishes regulatory titles such as Environmental Protection, Occupational Health & Safety, Security Products and Water & Wastewater Products. Vitale called the Stevens and 101 deals "platform acquisitions" for his company's long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. strategy. 1105 will concentrate on organic growth in markets where it has a dominant position by extending its brand to new distribution channels. "If we are in a market with print and online, then we'll add events, or if we have events and online, we'll add print," Vitale said. In addition to cross-media expansion, 1105 will continue to pursue acquisitions. Vitale confirmed the company's headquarters would remain in Chatsworth. Before becoming chief executive of 1105 Media, he served as president of Aspen aspen, in botany aspen: see willow. Aspen, city, United States Aspen (ăs`pən), city (1990 pop. 5,049), alt. 7,850 ft (2,390 m), seat of Pitkin co., S central Colo. Marketing Group, president of The Petersen Cos., and group vice president at Reed Elsevier. Staff reporter Joel Russell can be reached at (323) 549-5225, ext. 237, or at jrussell@labusiness journal.com. |
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