ADVANSTAR BUYS AUTO TITLES FROM CAHNERS; REALIGNS ADVANSIAR.COM.Advanstar Communications (Boston, MA) has acquired the automotive properties of Cahners Business Information (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ). No terms were given. The properties include Automotive Body Repair News, Motor Age and Automotive Marketing magazines and their related Web sites and ancillary products. Motor Age was launched in 1899 and is a monthly tabloid tab·loid n. A newspaper of small format giving the news in condensed form, usually with illustrated, often sensational material. adj. 1. In summary form; condensed. 2. Lurid or sensational. for the automotive service industry. Automotive Marketing was established in 1971 and is a longtime long·time adj. Having existed or persisted for a long time: a longtime friend; a longtime resident of Detroit. longtime Adjective rival to Advanstar's Aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. Business. Published monthly, Automotive Marketing provides marketing, trend analysis and research for the automotive retail aftermarket. Advanstar said it will eventually be merged with Aftermarket Business. Automotive Body Repair News was launched in 1962 by Stanley Publishing (Chicago, IL) and is produced monthly for the body shop, collision repair and paint refinish re·fin·ish tr.v. re·fin·ished, re·fin·ish·ing, re·fin·ish·es To put a new finish on (furniture). re·fin markets. All three titles had been a part of Chilton Co. Other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. acquired in the deal include Automotive Body Repair News' and Motor Age's training manual programs for repair technicians and the National Autobody Congress Exposition Show Dailies. In a statement, Advanstar chairman/ceo Robert Krakoff said that "we've been publishing After-- market Business for 65 years now, and we've been searching for the right mix of aftermarket titles to complement the great market position we enjoy." The deal "broadens our reach and strengthens our portfolio," he added. In related news, Advanstar plans to "more tightly focus" the activities of its Internet subsidiary, Advanstar.com. (New York). The company said it will reduce the number of Internet products scheduled for introduction in 2001 and will integrate "many of the sales, marketing, technology and operating functions of Advanstar.com with Advanstar Communications." |
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